Wall Street Zen Upgrades Aura Minerals (NASDAQ:AUGO) to Buy

Aura Minerals (NASDAQ:AUGO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Santander downgraded Aura Minerals from an “outperform” rating to a “neutral” rating in a research note on Monday, August 31st. Bank of America reduced their target price on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 9th. JPMorgan Chase & Co. decreased their price target on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, Scotiabank initiated coverage on shares of Aura Minerals in a report on Thursday, September 17th. They issued a “sector outperform” rating and a $110.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.95.

Aura Minerals Stock Performance

Shares of AUGO stock opened at $83.57 on Friday. The firm’s 50 day moving average is $76.41 and its 200 day moving average is $75.42. The stock has a market capitalization of $7.00 billion, a P/E ratio of 23.61 and a beta of 0.28. Aura Minerals has a 12 month low of $29.11 and a 12 month high of $110.32. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The business had revenue of $335.97 million during the quarter. On average, sell-side analysts anticipate that Aura Minerals will post 5.45 earnings per share for the current year.

Insider Activity

In other Aura Minerals news, Director Mauad Sousa sold 280,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $81.67, for a total value of $22,867,600.00. Following the transaction, the director directly owned 168,765 shares in the company, valued at $13,783,037.55. This represents a 62.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Glauber Luvizotto sold 64,713 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $80.20, for a total value 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have purchased 263,011 shares of company stock valued at $22,662,070 and have sold 1,647,075 shares valued at $138,275,074.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AUGO. Triumph Capital Management lifted its position in Aura Minerals by 32.4% during the second quarter. Triumph Capital Management now owns 596 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Aura Minerals in the 4th quarter worth $134,000. Rathbones Group PLC bought a new position in shares of Aura Minerals in the 1st quarter worth $245,000. Harbour Investments Inc. purchased a new stake in shares of Aura Minerals during the 4th quarter valued at $183,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of Aura Minerals during the 1st quarter valued at $306,000.

Aura Minerals Company Profile

Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.

Aura’s operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.