Aura Minerals (NASDAQ:AUGO) Issues Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Aura Minerals (NASDAQ:AUGO) issued its quarterly earnings data on Tuesday. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.13), Zacks reports. Aura Minerals had a negative net margin of 8.88% and a positive return on equity of 71.90%.

Aura Minerals Stock Performance

Aura Minerals stock traded down $1.36 during midday trading on Tuesday, reaching $31.55. 403,642 shares of the stock were exchanged, compared to its average volume of 165,219. The firm has a fifty day simple moving average of $34.44. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68. The stock has a market cap of $2.61 billion and a price-to-earnings ratio of -38.48. Aura Minerals has a 52 week low of $11.19 and a 52 week high of $41.04.

Analysts Set New Price Targets

AUGO has been the subject of several recent research reports. The Goldman Sachs Group assumed coverage on shares of Aura Minerals in a research report on Monday, October 13th. They issued a “buy” rating and a $46.60 price target for the company. Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Wall Street Zen raised shares of Aura Minerals from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research report on Wednesday, October 8th. Finally, Bank of America lifted their price objective on shares of Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Aura Minerals presently has a consensus rating of “Buy” and an average target price of $45.80.

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.