Aurora Cannabis Inc. (TSE:ACB – Get Free Report) shares shot up 20.8% during trading on Tuesday . The stock traded as high as C$4.91 and last traded at C$4.87. 1,683,109 shares were traded during trading, an increase of 311% from the average daily volume of 409,698 shares. The stock had previously closed at C$4.03.
Analysts Set New Price Targets
ACB has been the topic of several analyst reports. TD lowered their target price on Aurora Cannabis from C$10.00 to C$8.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Canaccord Genuity Group decreased their price target on Aurora Cannabis from C$6.50 to C$5.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, BMO Capital Markets upgraded shares of Aurora Cannabis to a “hold” rating in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$7.17.
Aurora Cannabis Trading Up 20.8%
Aurora Cannabis (TSE:ACB – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C($0.07) EPS for the quarter. Aurora Cannabis had a negative net margin of 9.53% and a negative return on equity of 5.21%. The firm had revenue of C$67.55 million during the quarter. Equities analysts forecast that Aurora Cannabis Inc. will post -0.22 EPS for the current fiscal year.
About Aurora Cannabis
Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ’71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.
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