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

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

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

Aura Minerals Trading Up 0.5%

Shares of NASDAQ AUGO opened at $85.31 on Monday. The business has a 50 day simple moving average of $69.32 and a 200 day simple moving average of $74.99. Aura Minerals has a 52 week low of $29.11 and a 52 week high of $110.32. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 24.10 and a beta of 0.28. 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 issued its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. The firm had revenue of $335.97 million for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. On average, research analysts predict that Aura Minerals will post 5.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aura Minerals news, COO Glauber Luvizotto sold 64,713 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $80.20, for a total transaction of $5,189,982.60. Following the completion of the transaction, the chief operating officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Wednesday, August 19th. The shares were sold at an average price of $80.12, for a total transaction of $635,672.08. Following the sale, the chief financial officer owned 98,111 shares of the company’s stock, valued at $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. In the last three months, insiders bought 263,011 shares of company stock valued at $22,662,070 and sold 1,327,222 shares valued at $108,817,936.

Hedge Funds Weigh In On Aura Minerals

Institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise acquired a new position in shares of Aura Minerals during the 3rd quarter worth about $108,000. Legal & General Group Plc bought a new position in Aura Minerals in the 3rd quarter worth approximately $317,000. Van ECK Associates Corp bought a new position in Aura Minerals in the 3rd quarter worth approximately $1,476,000. BNP Paribas Financial Markets acquired a new position in shares of Aura Minerals during the third quarter worth approximately $145,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Aura Minerals in the third quarter valued at approximately $3,947,000.

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.