Aura Minerals (NASDAQ:AUGO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Aura Minerals from “hold” to “buy.” The stock has a consensus “Moderate Buy” rating from analysts, with an average price target of $86.95.
• Aura Minerals shares opened at $87.20, up 2%, with a market capitalization of approximately $7.31 billion. The company reported quarterly earnings of $2.57 per share on revenue of $335.97 million.
• Insider activity was mixed, with insiders purchasing about $22.7 million of stock but selling approximately $133.3 million over the past 90 days; one director sold 166,000 shares.

Aura Minerals (NASDAQ:AUGO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

AUGO has been the subject of a number of other reports. Santander cut Aura Minerals from an "outperform" rating to a "neutral" rating in a research note on Monday, August 31st. Scotiabank assumed coverage on Aura Minerals in a research note on Thursday, September 17th. They issued a "sector outperform" rating and a $110.00 target price on the stock. Zacks Research upgraded shares of Aura Minerals from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Bank of America reduced their target price on shares of Aura Minerals from $122.00 to $94.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings raised shares of Aura Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $86.95.

Aura Minerals Stock Up 2.0%

NASDAQ AUGO opened at $87.20 on Friday. The stock has a 50 day moving average price of $84.24 and a 200-day moving average price of $76.57. Aura Minerals has a one year low of $29.11 and a one year high of $110.32. The company has a market capitalization of $7.31 billion, a P/E ratio of 24.63, a P/E/G ratio of 0.26 and a beta of 0.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. The company had revenue of $335.97 million during the quarter. As a group, equities analysts predict that Aura Minerals will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling at Aura Minerals

In other news, Director Mauad Sousa sold 166,000 shares of the firm's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $90.65, for a total value of $15,047,900.00. Following the completion of the sale, the director owned 1,041 shares of the company's stock, valued at $94,366.65. This trade represents a 99.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders acquired 263,011 shares of company stock valued at $22,662,070 and sold 1,568,065 shares valued at $133,318,052.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management boosted its stake in Aura Minerals by 32.4% in the 2nd quarter. Triumph Capital Management now owns 596 shares of the company's stock worth $38,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC grew its stake in Aura Minerals by 522.2% during the 3rd quarter. GAMMA Investing LLC now owns 616 shares of the company's stock valued at $48,000 after purchasing an additional 517 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Aura Minerals during the 4th quarter valued at about $134,000. Rathbones Group PLC acquired a new position in shares of Aura Minerals in the first quarter valued at about $245,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Aura Minerals in the first quarter valued at about $306,000.

Aura Minerals Company Profile

Aura Minerals Inc is a mining company focused on the exploration, development and production of gold, copper and other associated minerals. The company operates a portfolio of mines and projects in the Americas and sells the metals produced from its operations to commercial customers.

Aura's assets include the Aranzazu copper-gold-silver mine in Mexico, the San Andrés gold mine in Honduras, and gold operations in Brazil, including the Almas and Apoena complexes. The company also has development and exploration projects intended to support future production and extend the operating life of its portfolio.

Headquartered in the Americas and listed on the Nasdaq Capital Market under the symbol AUGO, Aura Minerals has built its business through the acquisition, development and operation of precious- and base-metal assets.

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