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

by · The Markets Daily

Aura Minerals (NASDAQ:AUGO – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aura Minerals currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Check Out Our Latest Analysis on AUGO

Aura Minerals Trading Down 1.1%

Shares of Aura Minerals stock opened at $62.97 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75. The firm has a fifty day moving average price of $73.55 and a 200 day moving average price of $71.46. Aura Minerals has a 1 year low of $22.24 and a 1 year high of $110.32. The stock has a market cap of $5.28 billion and a PE ratio of 58.31.

Aura Minerals (NASDAQ:AUGO – Get Free Report) last posted its quarterly 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%. Equities research analysts predict that Aura Minerals will post 10.08 earnings per share for the current year.

Insider Buying and Selling at Aura Minerals

In other news, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the stock in a transaction dated 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 directly owned 794,745 shares of the company’s stock, valued at $64,716,085.35. This represents a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mauad Bruno Sousa sold 100,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $77.48, for a total value of $7,748,000.00. Following the sale, the director owned 434,965 shares in the company, valued at $33,701,088.20. This trade represents a 18.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 324,082 shares of company stock valued at $25,493,716.

Hedge Funds Weigh In On Aura Minerals

Hedge funds have recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in Aura Minerals in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management raised its stake in shares of Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Aura Minerals during the 4th quarter valued at approximately $34,000. Virtus Advisers LLC grew its stake in Aura Minerals by 46.4% in the 4th quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock valued at $133,000 after acquiring an additional 835 shares during the period. Finally, Quarry LP acquired a new stake in Aura Minerals in the 3rd quarter valued at $37,000.

About Aura Minerals

(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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