Aura Minerals (NASDAQ:AUGO) Rating Lowered to “Strong Sell” at Zacks Research

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

AUGO has been the subject of a number of other reports. Weiss Ratings lowered Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Bank of America reduced their price target on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.27.

Aura Minerals Price Performance

Aura Minerals stock opened at $54.50 on Tuesday. The firm has a market cap of $4.57 billion and a PE ratio of 50.46. Aura Minerals has a 52-week low of $22.24 and a 52-week high of $110.32. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average is $62.26 and its two-hundred day moving average is $72.55.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. The business had revenue of $382.61 million during the quarter. On average, research analysts expect that Aura Minerals will post 5.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $82.63, for a total value of $4,544,650.00. Following the sale, the chief executive officer directly owned 739,745 shares in the company, valued at $61,125,129.35. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Luvizotto Glauber Rosa sold 19,010 shares of Aura Minerals stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $65.23, for a total value of $1,240,022.30. Following the sale, the chief operating officer directly owned 390,628 shares of the company’s stock, valued at $25,480,664.44. This trade represents a 4.64% 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. Insiders have sold 403,092 shares of company stock valued at $30,450,738 in the last three months.

Hedge Funds Weigh In On Aura Minerals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in Aura Minerals during the fourth quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new stake in shares of Aura Minerals during the 4th quarter worth approximately $34,000. Hollencrest Capital Management boosted its holdings in shares of Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after buying an additional 600 shares in the last quarter. Quarry LP acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $37,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Aura Minerals in the 4th quarter valued at $118,000.

Aura Minerals Company Profile

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.