Aura Minerals (NASDAQ:AUGO) Upgraded to “Buy” at Wall Street Zen

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

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Zacks Research downgraded Aura Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings raised Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Finally, Bank of America cut their price objective on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aura Minerals currently has an average rating of “Hold” and a consensus price target of $79.27.

Aura Minerals Stock Down 5.2%

Shares of NASDAQ AUGO traded down $4.59 during trading hours on Friday, hitting $84.53. The stock had a trading volume of 1,626,033 shares, compared to its average volume of 957,616. The company has a market capitalization of $7.08 billion and a P/E ratio of 23.88. The firm’s 50-day moving average price is $66.24 and its two-hundred day moving average price is $74.32. Aura Minerals has a 52 week low of $28.25 and a 52 week high of $110.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The firm had revenue of $335.97 million for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. Analysts anticipate that Aura Minerals will post 5.5 EPS for the current fiscal year.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, COO Luvizotto Glauber Rosa sold 64,713 shares of Aura Minerals stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $80.20, for a total value of $5,189,982.60. Following the transaction, the chief operating officer directly owned 224,515 shares of the company’s stock, valued at $18,006,103. The trade was a 22.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Santos Cardoso Joao Kleber Dos sold 7,934 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $80.12, for a total value of $635,672.08. Following the transaction, the chief financial officer owned 98,111 shares of the company’s stock, valued at approximately $7,860,653.32. This trade represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,042,222 shares of company stock valued at $84,804,962 in the last 90 days.

Institutional Trading of Aura Minerals

Hedge funds have recently bought and sold shares of the stock. Triumph Capital Management grew its position in Aura Minerals by 32.4% in the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock worth $38,000 after purchasing an additional 146 shares during the last quarter. 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 valued at $40,000 after buying an additional 600 shares during the period. Global Retirement Partners LLC acquired a new stake in Aura Minerals during the fourth quarter worth about $34,000. Virtus Advisers LLC grew its position in Aura Minerals by 46.4% during the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock worth $133,000 after buying an additional 835 shares in the last quarter. Finally, Quarry LP bought a new position in Aura Minerals during the third quarter valued at about $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.