Aura Minerals (NASDAQ:AUGO) Downgraded to Hold Rating by Zacks Research

Aura Minerals (NASDAQ:AUGO) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on AUGO. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. The Goldman Sachs Group began coverage on Aura Minerals in a research note on Monday, October 13th. They issued a “buy” rating and a $46.60 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research note on Tuesday. Finally, Bank of America upped their price objective on Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.80.

Aura Minerals Trading Up 5.0%

Aura Minerals stock opened at $39.12 on Tuesday. The firm has a market cap of $3.23 billion and a P/E ratio of -66.31. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68. Aura Minerals has a 1 year low of $11.60 and a 1 year high of $41.04. The company’s 50-day simple moving average is $35.16.

Institutional Trading of Aura Minerals

Institutional investors have recently modified their holdings of the company. PharVision Advisers LLC acquired a new position in Aura Minerals during the third quarter worth $225,000. Alyeska Investment Group L.P. bought a new stake in Aura Minerals during the 3rd quarter worth about $5,582,000. Verition Fund Management LLC acquired a new position in shares of Aura Minerals during the 3rd quarter worth about $245,000. Quarry LP bought a new position in shares of Aura Minerals in the 3rd quarter valued at about $37,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Aura Minerals in the 3rd quarter valued at about $1,075,000.

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.