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

Aura Minerals (NASDAQ:AUGO) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

AUGO has been the subject of several other research reports. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. The Goldman Sachs Group boosted their price target on shares of Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.90.

Aura Minerals Stock Up 5.0%

AUGO opened at $72.36 on Friday. Aura Minerals has a 12-month low of $14.69 and a 12-month high of $76.80. The firm has a 50 day simple moving average of $57.68. The firm has a market cap of $5.98 billion and a price-to-earnings ratio of -122.64. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.37.

Hedge Funds Weigh In On Aura Minerals

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

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.