Aura Minerals (NASDAQ:AUGO) Upgraded by Zacks Research to “Strong-Buy” Rating

Aura Minerals (NASDAQ:AUGO) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

AUGO has been the subject of several other research reports. Bank of America raised their price objective on shares of Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research note on Monday. Finally, The Goldman Sachs Group increased their price objective on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $48.90.

Aura Minerals Stock Down 0.8%

NASDAQ:AUGO opened at $50.00 on Thursday. Aura Minerals has a 52 week low of $11.69 and a 52 week high of $54.30. The stock’s fifty day moving average price is $40.92. The firm has a market capitalization of $4.13 billion and a PE ratio of -84.75. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.90). Aura Minerals had a negative net margin of 5.55% and a positive return on equity of 93.74%. The firm had revenue of $247.83 million during the quarter. The company’s quarterly revenue was up 58.7% on a year-over-year basis.

Hedge Funds Weigh In On Aura Minerals

Hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Aura Minerals in the 3rd quarter valued at about $37,000. Shell Asset Management Co. purchased a new stake in Aura Minerals in the third quarter valued at approximately $43,000. Banque Cantonale Vaudoise acquired a new stake in shares of Aura Minerals in the third quarter valued at approximately $108,000. BNP Paribas Financial Markets purchased a new position in shares of Aura Minerals during the third quarter worth approximately $145,000. Finally, State of Wyoming acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $164,000.

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.