Aura Minerals (NASDAQ:AUGO) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

Aura Minerals (NASDAQ:AUGO – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.

Several other research firms have also recently weighed in on AUGO. Weiss Ratings raised shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Zacks Research cut shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. cut their target price on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Bank of America decreased their target price on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Santander cut Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $79.27.

View Our Latest Research Report on AUGO

Aura Minerals Price Performance

Shares of NASDAQ:AUGO opened at $84.91 on Friday. Aura Minerals has a fifty-two week low of $29.11 and a fifty-two week high of $110.32. The business has a 50-day simple moving average of $68.87 and a two-hundred day simple moving average of $74.87. 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 firm has a market cap of $7.11 billion, a price-to-earnings ratio of 23.99 and a beta of 0.28.

Aura Minerals (NASDAQ:AUGO – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. The business 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, analysts expect that Aura Minerals will post 5.5 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Glauber Luvizotto sold 64,713 shares of the business’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 transaction of $5,189,982.60. Following the completion of the sale, the chief operating officer directly owned 224,515 shares in the company, valued at approximately $18,006,103. The trade was a 22.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the sale, the chief financial officer owned 118,111 shares of the company’s stock, valued at $7,316,976.45. This trade represents a 33.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have acquired 263,011 shares of company stock valued at $22,662,070 and have sold 1,327,222 shares valued at $108,817,936.

Institutional Investors Weigh In On Aura Minerals

Several hedge funds and other institutional investors have recently modified their holdings of AUGO. California State Teachers Retirement System bought a new position in shares of Aura Minerals in the second quarter worth about $86,494,000. Jennison Associates LLC bought a new position in shares of Aura Minerals during the 1st quarter valued at approximately $50,378,000. Bank of America Corp DE purchased a new stake in Aura Minerals in the 3rd quarter worth approximately $17,623,000. Marshall Wace LLP purchased a new stake in Aura Minerals in the 3rd quarter worth approximately $17,483,000. Finally, Amundi raised its stake in Aura Minerals by 319.9% during the 4th quarter. Amundi now owns 428,436 shares of the company’s stock worth $21,600,000 after acquiring an additional 326,403 shares during the period.

Aura Minerals Company Profile

(Get Free Report)

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.

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