Aura Minerals Inc. (NASDAQ:AUGO) Stock Has Consensus Price Target of $86.95 According to Analysts

Aura Minerals Inc. (NASDAQ:AUGO) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $86.95.

Several equities research analysts recently issued reports on the stock. Scotiabank began coverage on shares of Aura Minerals in a research report on Thursday, September 17th. They issued a “sector outperform” rating and a $110.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Bank of America decreased their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Santander downgraded Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st.

Insiders Place Their Bets

In other Aura Minerals news, Director Mauad Sousa sold 280,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $81.67, for a total transaction of $22,867,600.00. Following the completion of the sale, the director owned 168,765 shares of the company’s stock, valued at approximately $13,783,037.55. The trade was a 62.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Glauber Luvizotto sold 64,713 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $80.20, for a total value of $5,189,982.60. Following the sale, the chief operating officer owned 224,515 shares of the company’s stock, valued at $18,006,103. This represents a 22.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders purchased 263,011 shares of company stock worth $22,662,070 and sold 1,568,065 shares worth $133,318,052.

Institutional Investors Weigh In On Aura Minerals

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of Aura Minerals by 42.5% in the first quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after acquiring an additional 291,623 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Aura Minerals during the 1st quarter valued at $50,378,000. Robeco Schweiz AG lifted its holdings in shares of Aura Minerals by 16.3% during the 3rd quarter. Robeco Schweiz AG now owns 473,190 shares of the company’s stock valued at $37,231,000 after acquiring an additional 66,190 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Aura Minerals by 125.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company’s stock valued at $26,241,000 after acquiring an additional 178,730 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in Aura Minerals during the 2nd quarter worth $10,550,000.

Aura Minerals Stock Up 12.9%

Shares of NASDAQ:AUGO opened at $72.39 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.18 and a beta of 0.82. The stock’s 50-day moving average price is $83.09 and its two-hundred day moving average price is $75.76. Aura Minerals has a 12-month low of $32.44 and a 12-month high of $110.32.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The company had revenue of $335.97 million during the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. On average, research analysts forecast that Aura Minerals will post 6.11 EPS for the current year.

Aura Minerals Company Profile

Aura Minerals Inc is a mining company focused on the exploration, development, and operation of gold, copper, and other precious and base-metal properties in the Americas. The company’s activities span the full mining life cycle, including resource evaluation, mine development, production, processing, and exploration for additional mineral deposits.

Aura’s portfolio has included the Aranzazu copper-gold-silver mine in Zacatecas, Mexico; the San Andrés gold mine in Honduras; and gold operations in Brazil, including the Almas and São Francisco mines.