Aura Minerals (NASDAQ:AUGO) Raised to “Hold” at Zacks Research

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

Other equities analysts have also recently issued research reports about the company. Santander cut Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. JPMorgan Chase & Co. decreased their price objective on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Bank of America cut their target price on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Weiss Ratings raised Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded shares of Aura Minerals from a “buy” rating to a “hold” rating in a research note on Sunday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.27.

Aura Minerals Stock Performance

NASDAQ:AUGO opened at $85.31 on Monday. The firm’s 50-day moving average is $69.32 and its 200-day moving average is $74.99. Aura Minerals has a 52-week low of $29.11 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. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 24.10 and a beta of 0.28.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The business had revenue of $335.97 million during the quarter. Equities research analysts anticipate that Aura Minerals will post 5.5 earnings per share for the current year.

Insider Buying and Selling at Aura Minerals

In other news, 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 sale, the chief financial officer directly owned 98,111 shares in the company, valued at approximately $7,860,653.32. This represents a 7.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Glauber Luvizotto sold 64,713 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $80.20, for a total value of $5,189,982.60. Following the completion of the sale, the chief operating officer owned 224,515 shares in the company, valued at approximately $18,006,103. This represents a 22.37% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have purchased 263,011 shares of company stock valued at $22,662,070 and have sold 1,327,222 shares valued at $108,817,936.

Institutional Trading of Aura Minerals

Large investors have recently bought and sold shares of the stock. Triumph Capital Management acquired a new position in Aura Minerals during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in shares of Aura Minerals in the 4th quarter valued at $34,000. Hollencrest Capital Management grew its holdings in shares of Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares during the last quarter. Quarry LP bought a new stake in shares of Aura Minerals in the 3rd quarter worth about $37,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Aura Minerals during the 4th quarter worth about $118,000.

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.