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

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

A number of other equities analysts also recently commented on AUGO. Scotiabank began coverage on shares of Aura Minerals in a research note on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 price objective for the company. Weiss Ratings raised Aura Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Santander downgraded Aura Minerals from an “outperform” rating to a “neutral” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. dropped their target price on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, Zacks Research upgraded Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Aura Minerals currently has an average rating of “Moderate Buy” and a consensus target price of $86.95.

Aura Minerals Stock Performance

Shares of AUGO stock opened at $86.03 on Friday. The company’s fifty day simple moving average is $84.43 and its 200-day simple moving average is $76.64. 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 firm has a market cap of $7.21 billion, a PE ratio of 24.30, a P/E/G ratio of 0.26 and a beta of 0.48. Aura Minerals has a 12 month low of $29.11 and a 12 month high of $110.32.

Aura Minerals (NASDAQ:AUGO) last announced its earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The business 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%. Equities research analysts expect that Aura Minerals will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mauad Sousa sold 166,000 shares of Aura Minerals stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $90.65, for a total value of $15,047,900.00. Following the completion of the transaction, the director owned 1,041 shares of the company’s stock, valued at $94,366.65. This trade represents a 99.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have acquired 263,011 shares of company stock valued at $22,662,070 and have sold 1,568,065 shares valued at $133,318,052.

Institutional Investors Weigh In On Aura Minerals

A number of institutional investors and hedge funds have recently modified their holdings of AUGO. GAMMA Investing LLC increased its position in Aura Minerals by 522.2% during the third quarter. GAMMA Investing LLC now owns 616 shares of the company’s stock worth $48,000 after buying an additional 517 shares during the last quarter. Andra AP fonden acquired a new stake in shares of Aura Minerals in the second quarter valued at approximately $10,550,000. Tidal Investments LLC lifted its position in shares of Aura Minerals by 56.7% in the second quarter. Tidal Investments LLC now owns 13,305 shares of the company’s stock valued at $838,000 after buying an additional 4,816 shares during the last quarter. Corient Private Wealth LP acquired a new stake in shares of Aura Minerals in the second quarter valued at approximately $446,000. Finally, Absolute Gestao de Investimentos Ltda. boosted its stake in shares of Aura Minerals by 1,379.1% during the 2nd quarter. Absolute Gestao de Investimentos Ltda. now owns 55,467 shares of the company’s stock worth $3,492,000 after acquiring an additional 51,717 shares during the period.

About Aura Minerals

Aura Minerals Inc is a mining company focused on the exploration, development, and operation of gold, copper, and other precious and base-metal properties in the Americas. The company’s activities span the full mining life cycle, including resource evaluation, mine development, production, processing, and exploration for additional mineral deposits.

Aura’s portfolio has included the Aranzazu copper-gold-silver mine in Zacatecas, Mexico; the San Andrés gold mine in Honduras; and gold operations in Brazil, including the Almas and São Francisco mines.