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

Wall Street Zen upgraded shares of Aura Minerals (NASDAQ:AUGO) from a hold rating to a buy rating in a research note released on Saturday.

Several other analysts have also commented on the stock. Zacks Research lowered shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. initiated coverage on shares of Aura Minerals in a report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.60.

Aura Minerals Stock Down 3.1%

AUGO stock opened at $82.16 on Friday. The firm has a market cap of $6.88 billion and a PE ratio of -78.25. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.97. The firm’s fifty day moving average is $85.02 and its 200 day moving average is $61.64. Aura Minerals has a one year low of $17.98 and a one year high of $110.32.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $321.66 million for the quarter. Aura Minerals had a negative net margin of 8.61% and a positive return on equity of 94.81%. On average, research analysts forecast that Aura Minerals will post 10.73 EPS for the current year.

Aura Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, March 11th. Aura Minerals’s dividend payout ratio (DPR) is presently -251.43%.

Insider Transactions at Aura Minerals

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 10,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $65.82, for a total transaction of $658,200.00. Following the transaction, the chief executive officer directly owned 859,745 shares of the company’s stock, valued at $56,588,415.90. This trade represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Aura Minerals

Hedge funds and other institutional investors have recently modified their holdings of the business. Triumph Capital Management purchased a new position in shares of Aura Minerals in the fourth quarter worth about $25,000. Global Retirement Partners LLC purchased a new position in shares of Aura Minerals in the fourth quarter worth about $34,000. Hollencrest Capital Management lifted its stake in shares of Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares in the last quarter. Quarry LP purchased a new position in shares of Aura Minerals in the third quarter worth about $37,000. Finally, Shell Asset Management Co. purchased a new position in shares of Aura Minerals in the third quarter worth about $43,000.

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.