Aura Minerals (NASDAQ:AUGO) Stock Rating Upgraded by Wall Street Zen

Aura Minerals (NASDAQ:AUGO) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Zacks Research cut Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their price objective on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Finally, Bank of America cut their price objective on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $79.27.

Aura Minerals Stock Performance

Aura Minerals stock traded down $4.59 on Friday, hitting $84.53. The company’s stock had a trading volume of 1,626,033 shares, compared to its average volume of 957,616. Aura Minerals has a one year low of $28.25 and a one year high of $110.32. The firm has a market cap of $7.08 billion and a P/E ratio of 23.88. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $66.24 and a 200-day moving average price of $74.32.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The firm had revenue of $335.97 million during the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. On average, equities analysts anticipate that Aura Minerals will post 5.5 earnings per share for the current year.

Insider Activity

In related news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the completion of the sale, the chief financial officer directly owned 118,111 shares of the company’s stock, valued at $7,316,976.45. This trade represents a 33.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Bruno Sousa sold 280,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $81.67, for a total value of $22,867,600.00. Following the sale, the director directly owned 168,765 shares of the company’s stock, valued at $13,783,037.55. This represents a 62.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,042,222 shares of company stock worth $84,804,962.

Institutional Trading of Aura Minerals

Several large investors have recently made changes to their positions in the business. Triumph Capital Management acquired a new stake in shares of Aura Minerals in the fourth quarter valued at $25,000. Global Retirement Partners LLC bought a new position in shares of Aura Minerals in the fourth quarter valued at about $34,000. Quarry LP acquired a new position in Aura Minerals during the 3rd quarter worth about $37,000. Hollencrest Capital Management lifted its position in Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Aura Minerals during the 3rd quarter worth about $108,000.

About Aura Minerals

We are an Americas gold and copper production company with a significant portfolio of mining operations. Our mission is to deliver long-term value by unlocking operational efficiencies, responsibly growing our portfolio with a focus on return on invested capital, responsible mining practices and a commitment to sustainability. We operate with a decentralized culture, supported by a lean corporate team that ensures agile and dynamic management and decision-making processes, focused on high operational sustainability compliance standards.