Aura Minerals (NASDAQ:AUGO) Upgraded to Hold at Zacks Research

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

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Aura Minerals Trading Down 1.1%

AUGO stock opened at $62.97 on Monday. The firm has a fifty day moving average price of $73.55 and a 200 day moving average price of $71.46. Aura Minerals has a fifty-two week low of $22.24 and a fifty-two week high of $110.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98. The firm has a market cap of $5.28 billion and a PE ratio of 58.31.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings results on Wednesday, May 20th. The company reported $999.00 earnings per share (EPS) for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. Sell-side analysts anticipate that Aura Minerals will post 10.08 earnings per share for the current fiscal year.

Insider Activity at Aura Minerals

In related news, Director Mauad Bruno Sousa sold 100,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $77.48, for a total value of $7,748,000.00. Following the sale, the director directly owned 434,965 shares of the company’s stock, valued at $33,701,088.20. This represents a 18.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Luvizotto Glauber Rosa sold 22,367 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $65.27, for a total transaction of $1,459,894.09. Following the completion of the sale, the chief operating officer directly owned 411,938 shares of the company’s stock, valued at approximately $26,887,193.26. The trade was a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 324,082 shares of company stock worth $25,493,716.

Institutional Investors Weigh In On Aura Minerals

A number of institutional investors and hedge funds have recently modified their holdings of AUGO. Wealth High Governance Capital Ltda bought a new stake in shares of Aura Minerals during the first quarter worth $4,298,000. Wealth High Governance Asset Management Ltda. purchased a new position in Aura Minerals in the 1st quarter worth about $3,645,000. Rathbones Group PLC purchased a new position in Aura Minerals in the 1st quarter worth about $245,000. Bank of America Corp DE lifted its holdings in Aura Minerals by 42.5% during the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock valued at $79,740,000 after buying an additional 291,623 shares in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in Aura Minerals during the 1st quarter valued at about $306,000.

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.