Aura Minerals (NASDAQ:AUGO) Lowered to “Hold” Rating by Zacks Research

Aura Minerals (NASDAQ:AUGO) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts have also weighed in on AUGO. The Goldman Sachs Group began coverage on shares of Aura Minerals in a research report on Monday, October 13th. They set a “buy” rating and a $46.60 target price on the stock. Wall Street Zen downgraded Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a research note on Tuesday. Finally, Bank of America increased their target price on Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.80.

Aura Minerals Price Performance

AUGO opened at $39.12 on Tuesday. The firm has a market capitalization of $3.23 billion and a P/E ratio of -66.31. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.83. The business’s fifty day simple moving average is $35.16. Aura Minerals has a fifty-two week low of $11.60 and a fifty-two week high of $41.04.

Institutional Investors Weigh In On Aura Minerals

Hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors acquired a new stake in Aura Minerals in the 3rd quarter valued at about $60,284,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Aura Minerals during the third quarter valued at approximately $29,988,000. JPMorgan Chase & Co. acquired a new stake in shares of Aura Minerals in the third quarter valued at approximately $27,097,000. Bank of America Corp DE bought a new position in Aura Minerals in the 3rd quarter worth approximately $17,623,000. Finally, Marshall Wace LLP bought a new position in Aura Minerals in the 3rd quarter worth approximately $17,483,000.

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.