Aura Minerals (NASDAQ:AUGO) Shares Gap Down - Time to Sell?

Key Points

• Aura Minerals Inc. shares experienced a significant decline, opening at $34.50 after closing at $37.56, with the stock last trading at $34.95.
• Analyst ratings are mixed; Goldman Sachs issued a "buy" rating with a target price of $46.60, while Weiss Ratings maintained a "hold" rating.
• A hedge fund recently acquired a 23,500 share stake in Aura Minerals, indicating institutional interest despite the stock's recent downturn.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $37.56, but opened at $34.50. Aura Minerals shares last traded at $34.95, with a volume of 456,852 shares traded.

Analyst Upgrades and Downgrades

AUGO has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Aura Minerals in a report on Monday, October 13th. They issued a "buy" rating and a $46.60 price objective on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Aura Minerals in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Aura Minerals from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Zacks Research upgraded shares of Aura Minerals from a "hold" rating to a "strong-buy" rating in a report on Monday, October 13th. Finally, Bank of America raised 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Aura Minerals presently has an average rating of "Buy" and a consensus target price of $45.80.

Aura Minerals Stock Down 9.1%

The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12. The company has a market cap of $2.82 billion and a PE ratio of -41.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aura Minerals stock. Ashoka WhiteOak Capital Pte Ltd purchased a new position in shares of Aura Minerals Inc. (NASDAQ:AUGO - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,500 shares of the company's stock, valued at approximately $874,000. Aura Minerals makes up about 0.5% of Ashoka WhiteOak Capital Pte Ltd's portfolio, making the stock its 14th biggest holding.

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.

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