Wall Street Zen Downgrades Aura Minerals (NASDAQ:AUGO) to Hold

Key Points

• Wall Street Zen downgraded Aura Minerals from “Buy” to “Hold,” following mixed analyst sentiment. MarketBeat reports a consensus “Hold” rating and an average price target of $79.27.
• Aura Minerals shares were up 13.0%, opening at $74.13, while the company reported quarterly EPS of $2.57 on revenue of $335.97 million.
• Insiders sold more than $30.4 million of stock over the past quarter, including sales by the CEO and COO under disclosed trading plans.

Aura Minerals (NASDAQ:AUGO - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued reports about the stock. Zacks Research downgraded shares of Aura Minerals from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. dropped 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 report on Thursday, July 16th. Weiss Ratings cut shares of Aura Minerals from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 29th. Finally, Bank of America reduced their price objective 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. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $79.27.

Aura Minerals Stock Up 13.0%

AUGO stock opened at $74.13 on Friday. The firm has a market capitalization of $6.21 billion and a PE ratio of 20.94. The company has a quick ratio of 0.75, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. Aura Minerals has a twelve month low of $25.12 and a twelve month high of $110.32. The stock's 50 day moving average is $60.41 and its 200-day moving average is $72.64.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. The business had revenue of $335.97 million during the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. Sell-side analysts expect that Aura Minerals will post 5.55 EPS for the current fiscal year.

Insider Activity at Aura Minerals

In related news, COO Luvizotto Glauber Rosa sold 22,367 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $65.27, for a total transaction of $1,459,894.09. Following the completion of the transaction, the chief operating officer owned 411,938 shares in the company, valued at approximately $26,887,193.26. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of Aura Minerals stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $81.43, for a total transaction of $4,885,800.00. Following the completion of the sale, the chief executive officer directly owned 794,745 shares in the company, valued at approximately $64,716,085.35. This represents a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 403,092 shares of company stock valued at $30,450,738 over the last quarter.

Institutional Investors Weigh In On Aura Minerals

Hedge funds have recently modified their holdings of the stock. Triumph Capital Management purchased a new position in Aura Minerals in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new stake in Aura Minerals in the fourth quarter worth $34,000. Hollencrest Capital Management increased its position in Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company's stock worth $40,000 after buying an additional 600 shares during the last quarter. Quarry LP bought a new stake in shares of Aura Minerals in the third quarter valued at $37,000. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in shares of Aura Minerals in the fourth quarter valued at $118,000.

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.

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