Aura Minerals (NASDAQ:AUGO) Trading Down 9.8% – Here’s What Happened

Shares of Aura Minerals Inc. (NASDAQ:AUGO) dropped 9.8% during trading on Tuesday . The company traded as low as $65.30 and last traded at $65.30. Approximately 108,115 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,033,492 shares. The stock had previously closed at $72.36.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AUGO. Zacks Research lowered Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Wall Street Zen upgraded Aura Minerals from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. 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 research note on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Aura Minerals currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.90.

Aura Minerals Stock Performance

The firm has a 50 day moving average of $59.30. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.37 and a current ratio of 1.62. The stock has a market cap of $5.83 billion and a PE ratio of -119.59.

Institutional Investors Weigh In On Aura Minerals

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in shares of Aura Minerals by 811.4% during the fourth quarter. Invesco Ltd. now owns 209,605 shares of the company’s stock worth $10,567,000 after acquiring an additional 186,608 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Aura Minerals in the 4th quarter worth approximately $10,436,000. Quadrature Capital Ltd grew its position in Aura Minerals by 497.8% during the 4th quarter. Quadrature Capital Ltd now owns 57,014 shares of the company’s stock worth $2,874,000 after purchasing an additional 47,477 shares during the last quarter. Millennium Management LLC increased its stake in Aura Minerals by 35.3% during the 4th quarter. Millennium Management LLC now owns 132,045 shares of the company’s stock valued at $6,657,000 after purchasing an additional 34,456 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new position in Aura Minerals during the 4th quarter valued at approximately $837,000.

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.