Scotiabank Gives Aura Minerals Boost with Buy Rating and $110 Target Price

Aura Minerals saw its stock surge on September 17 after Scotiabank initiated coverage of the company, assigning a buy rating with a target price of $110. This is significant because it marks the first time Scotiabank has covered Aura Minerals.

The company's focus is primarily on gold and copper production in the Americas, according to its annual report released on April 29. In 2025, Aura Minerals projects revenue of $921.7 million, with gold revenue making up a substantial 73% of that total at $675.3 million.

The buy rating from Scotiabank is a vote of confidence in the company's prospects, and it may have contributed to the surge in its stock price on September 17.