Aura Minerals Inc. (NASDAQ:AUGO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $67.60.

Several analysts recently weighed in on the company. Wall Street Zen downgraded Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. initiated coverage on Aura Minerals in a research note on Wednesday. They issued an “overweight” rating and a $105.00 target price on the stock. The Goldman Sachs Group raised their price target on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Zacks Research cut shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th.

Institutional Investors Weigh In On Aura Minerals

Several institutional investors and hedge funds have recently made changes to their positions in AUGO. Capital World Investors purchased a new position in Aura Minerals in the 3rd quarter worth approximately $60,284,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Aura Minerals in the 3rd quarter worth $29,988,000. JPMorgan Chase & Co. purchased a new position in shares of Aura Minerals in the third quarter worth $27,097,000. Bank of America Corp DE purchased a new position in shares of Aura Minerals in the third quarter worth $17,623,000. Finally, Marshall Wace LLP bought a new position in shares of Aura Minerals during the third quarter valued at $17,483,000.

Aura Minerals Stock Performance

Shares of NASDAQ AUGO opened at $80.75 on Wednesday. The firm’s 50 day simple moving average is $61.71. Aura Minerals has a fifty-two week low of $14.69 and a fifty-two week high of $81.65. The company has a market capitalization of $6.67 billion and a P/E ratio of -136.86. The company has a quick ratio of 1.37, a current ratio of 1.62 and a debt-to-equity ratio of 1.05.

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.