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

Key Points

• Wall Street Zen upgraded Aura Minerals from “buy” to “strong-buy.” Overall analyst sentiment is “Moderate Buy,” with five Buy ratings, two Holds, and a consensus price target of $86.95.
• Aura Minerals shares opened at $66.22, down 15.4%, well below their 50-day moving average of $84.33 and 200-day moving average of $75.63. The stock has traded between $31.15 and $110.32 over the past year.
• The company reported quarterly revenue of $335.97 million and EPS of $2.57, while analysts expect full-year EPS of $6.11. Insider activity was mixed, with insiders purchasing about $22.7 million of shares but selling approximately $133.3 million over the past 90 days.

Aura Minerals (NASDAQ:AUGO - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday, Wall Street Zen reports.

Several other research firms have also commented on AUGO. Bank of America decreased their price target on shares of Aura Minerals from $122.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Zacks Research raised shares of Aura Minerals from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. Scotiabank began coverage on shares of Aura Minerals in a research note on Thursday, September 17th. They set a "sector outperform" rating and a $110.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Finally, Weiss Ratings raised shares of Aura Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 15th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Aura Minerals currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.95.

Aura Minerals Trading Down 15.4%

Shares of NASDAQ AUGO opened at $66.22 on Friday. Aura Minerals has a 1-year low of $31.15 and a 1-year high of $110.32. The business has a fifty day moving average price of $84.33 and a 200 day moving average price of $75.63. The stock has a market capitalization of $5.55 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 0.22 and a beta of 0.48. 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 - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) 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 for the quarter. Equities research analysts expect that Aura Minerals will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Aura Minerals in the third quarter valued at about $42,000. Triumph Capital Management lifted its holdings in shares of Aura Minerals by 32.4% during the second quarter. Triumph Capital Management now owns 596 shares of the company's stock worth $38,000 after purchasing an additional 146 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Aura Minerals by 522.2% during the third quarter. GAMMA Investing LLC now owns 616 shares of the company's stock worth $48,000 after purchasing an additional 517 shares during the period. AMG Asset Management Group Inc. purchased a new stake in Aura Minerals in the third quarter valued at approximately $211,000. Finally, Profund Advisors LLC purchased a new stake in Aura Minerals in the third quarter valued at approximately $215,000.

About Aura Minerals

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.

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