Aura Minerals (NASDAQ:AUGO) Stock Rating Upgraded by Wall Street Zen

Aura Minerals (NASDAQ:AUGO) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

A number of other analysts have also recently commented on AUGO. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. The Goldman Sachs Group boosted their price objective on shares of Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Bank of America increased their target price on shares of Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.90.

Aura Minerals Price Performance

Shares of NASDAQ AUGO opened at $56.80 on Friday. Aura Minerals has a fifty-two week low of $12.19 and a fifty-two week high of $56.80. The firm has a market capitalization of $4.69 billion and a price-to-earnings ratio of -96.27. 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 firm has a 50 day simple moving average of $43.50.

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

Hedge Funds Weigh In On Aura Minerals

A number of large investors have recently added to or reduced their stakes in the company. Ashoka WhiteOak Capital Pte Ltd acquired a new position in Aura Minerals during the 3rd quarter worth approximately $874,000. U S Global Investors Inc. bought a new stake in shares of Aura Minerals in the third quarter worth $3,721,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Aura Minerals in the third quarter worth $730,000. Credit Agricole S A acquired a new position in Aura Minerals during the third quarter worth $1,302,000. Finally, Amundi bought a new position in Aura Minerals in the third quarter valued at $3,735,000.

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.