Aura Minerals (NASDAQ:AUGO) Hits New 12-Month High – What’s Next?

Aura Minerals Inc. (NASDAQ:AUGO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $77.80 and last traded at $77.51, with a volume of 162747 shares trading hands. The stock had previously closed at $74.59.

Analyst Upgrades and Downgrades

AUGO has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. The Goldman Sachs Group increased their target price on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Wall Street Zen cut Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Aura Minerals presently has an average rating of “Moderate Buy” and a consensus target price of $48.90.

Aura Minerals Trading Up 6.5%

The company has a fifty day simple moving average of $60.38. The company has a market capitalization of $6.57 billion and a PE ratio of -134.66. The company has a current ratio of 1.62, a quick ratio of 1.37 and a debt-to-equity ratio of 1.05.

Institutional Investors Weigh In On Aura Minerals

A number of large investors have recently added to or reduced their stakes in the company. Capital World Investors purchased a new position in shares of Aura Minerals in the 3rd quarter worth about $60,284,000. SPX Gestao de Recursos Ltda lifted its position in Aura Minerals by 8.8% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock worth $44,225,000 after buying an additional 71,289 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Aura Minerals in the third quarter worth approximately $27,097,000. Marshall Wace LLP grew its position in Aura Minerals by 32.7% during the fourth quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock valued at $31,439,000 after acquiring an additional 153,828 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Aura Minerals by 9.3% during the fourth quarter. William Blair Investment Management LLC now owns 496,303 shares of the company’s stock worth $25,021,000 after acquiring an additional 42,091 shares in the last quarter.

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.