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

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

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered 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. Zacks Research cut Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. 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 research note on Thursday, July 9th. Finally, Weiss Ratings lowered Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aura Minerals has an average rating of “Hold” and a consensus target price of $79.27.

Aura Minerals Stock Performance

Shares of AUGO opened at $74.13 on Friday. The firm has a 50-day moving average of $60.41 and a 200-day moving average of $72.73. Aura Minerals has a one year low of $25.12 and a one year high of $110.32. The company has a market cap of $6.21 billion and a PE ratio of 20.94. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82.

Aura Minerals (NASDAQ:AUGO) last issued its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The company had revenue of $335.97 million for the quarter. As a group, equities analysts forecast that Aura Minerals will post 5.55 earnings per share for the current year.

Insider Buying and Selling at Aura Minerals

In related news, COO Luvizotto Glauber Rosa sold 19,010 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $65.23, for a total transaction of $1,240,022.30. Following the transaction, the chief operating officer directly owned 390,628 shares of the company’s stock, valued at approximately $25,480,664.44. This trade represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Bruno Sousa acquired 2,800 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average price of $64.95 per share, with a total value of $181,860.00. Following the purchase, the director directly owned 437,765 shares in the company, valued at approximately $28,432,836.75. This represents a 0.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 343,092 shares of company stock worth $25,564,938.

Institutional Trading of Aura Minerals

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management bought a new position in shares of Aura Minerals during the fourth quarter worth approximately $25,000. Hollencrest Capital Management boosted its stake in shares of Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after buying an additional 600 shares during the period. Global Retirement Partners LLC acquired a new stake in Aura Minerals during the fourth quarter worth approximately $34,000. Virtus Advisers LLC grew its position in Aura Minerals by 46.4% during the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock worth $133,000 after buying an additional 835 shares in the last quarter. Finally, Quarry LP bought a new position in Aura Minerals during the 3rd quarter worth $37,000.

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.