Wall Street Zen Upgrades Aura Minerals (NASDAQ:AUGO) to Buy

Key Points

• Wall Street Zen upgraded Aura Minerals (NASDAQ:AUGO) from a "hold" to a buy rating in a report released Saturday.
• Despite the upgrade, the consensus remains a Hold with an average price target of $67.60 and a mixed analyst split of three Buys, one Hold and one Sell.
• Shares opened at $82.16 (down 3.1%) with a market cap of about $6.88B; last quarter EPS was ($0.24) on $321.66M revenue, a net margin of -8.61%, and a 52-week range of $17.98–$110.32.

Aura Minerals (NASDAQ:AUGO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

AUGO has been the topic of several other research reports. Weiss Ratings restated a "hold (c)" rating on shares of Aura Minerals in a research note on Friday, March 27th. JPMorgan Chase & Co. initiated coverage on Aura Minerals in a research note on Wednesday, February 25th. They issued an "overweight" rating and a $105.00 target price on the stock. Finally, Zacks Research cut Aura Minerals from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, April 27th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Aura Minerals currently has a consensus rating of "Hold" and an average price target of $67.60.

Aura Minerals Trading Down 3.1%

NASDAQ:AUGO opened at $82.16 on Friday. The stock has a market capitalization of $6.88 billion and a PE ratio of -78.25. The business's 50-day simple moving average is $85.02 and its 200-day simple moving average is $61.47. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.97 and a quick ratio of 0.75. Aura Minerals has a fifty-two week low of $17.98 and a fifty-two week high of $110.32.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last released its earnings results on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $321.66 million during the quarter. Aura Minerals had a negative net margin of 8.61% and a positive return on equity of 94.81%. Sell-side analysts expect that Aura Minerals will post 10.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $65.82, for a total transaction of $658,200.00. Following the transaction, the chief executive officer owned 859,745 shares of the company's stock, valued at $56,588,415.90. The trade was a 1.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AUGO. Capital World Investors acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $60,284,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $29,988,000. JPMorgan Chase & Co. acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $27,097,000. Bank of America Corp DE acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $17,623,000. Finally, Marshall Wace LLP acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $17,483,000.

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. 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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