Aura Minerals (NASDAQ:AUGO) Stock Rating Upgraded by Zacks Research

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

A number of other brokerages have also recently issued reports on AUGO. Weiss Ratings cut shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Aura Minerals Trading Down 1.1%

Aura Minerals stock opened at $62.97 on Monday. The firm has a 50 day moving average of $73.55 and a 200 day moving average of $71.46. The firm has a market capitalization of $5.28 billion and a price-to-earnings ratio of 58.31. Aura Minerals has a 12-month low of $22.24 and a 12-month high of $110.32. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03.

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

Insiders Place Their Bets

In other news, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of Aura Minerals stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $81.43, for a total transaction of $4,885,800.00. Following the sale, the chief executive officer owned 794,745 shares in the company, valued at $64,716,085.35. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mauad Bruno Sousa sold 100,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $77.48, for a total transaction of $7,748,000.00. Following the completion of the transaction, the director directly owned 434,965 shares in the company, valued at $33,701,088.20. This trade represents a 18.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 324,082 shares of company stock worth $25,493,716 in the last three months.

Hedge Funds Weigh In On Aura Minerals

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