Aura Minerals (NASDAQ:AUGO) Raised to Strong-Buy at Zacks Research

Aura Minerals (NASDAQ:AUGO) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

AUGO has been the subject of several other reports. JPMorgan Chase & Co. assumed coverage on Aura Minerals in a research report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 target price for the company. Wall Street Zen lowered shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. The Goldman Sachs Group lifted their price objective 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 reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Aura Minerals currently has a consensus rating of “Buy” and a consensus price target of $67.60.

Aura Minerals Trading Down 4.4%

Shares of NASDAQ AUGO opened at $84.21 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.37. The firm has a market capitalization of $7.03 billion and a PE ratio of -80.20. Aura Minerals has a twelve month low of $14.69 and a twelve month high of $90.19. The company has a fifty day moving average price of $65.31.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in shares of Aura Minerals in the 4th quarter valued at approximately $25,000. Hollencrest Capital Management grew its stake in shares of Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Aura Minerals during the fourth quarter worth $34,000. Virtus Advisers LLC increased its holdings in Aura Minerals by 46.4% in the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock valued at $133,000 after buying an additional 835 shares during the last quarter. Finally, Quarry LP acquired a new stake in Aura Minerals in the third quarter valued at $37,000.

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.