Aura Minerals (NASDAQ:AUGO) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Aura Minerals (NASDAQ:AUGO) from a strong-buy rating to a buy rating in a report released on Sunday morning.

A number of other research firms have also weighed in on AUGO. The Goldman Sachs Group boosted their price objective on shares of Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Zacks Research cut shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aura Minerals presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.90.

Aura Minerals Trading Up 1.7%

Shares of AUGO stock opened at $80.75 on Friday. The firm has a market cap of $6.67 billion and a P/E ratio of -136.86. The company has a quick ratio of 1.37, a current ratio of 1.62 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average price of $61.71. Aura Minerals has a twelve month low of $14.69 and a twelve month high of $81.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUGO. Capital World Investors purchased a new position in Aura Minerals in the 3rd quarter worth approximately $60,284,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Aura Minerals during the third quarter valued at approximately $29,988,000. JPMorgan Chase & Co. acquired a new position in shares of Aura Minerals during the third quarter worth $27,097,000. Bank of America Corp DE acquired a new position in shares of Aura Minerals during the third quarter worth $17,623,000. Finally, Marshall Wace LLP acquired a new position in shares of Aura Minerals during the third quarter worth $17,483,000.

Aura Minerals Company Profile

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.