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

Wall Street Zen cut shares of Aura Minerals (NASDAQ:AUGO) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other analysts have also weighed in on AUGO. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research report on Wednesday, October 8th. Bank of America raised their target price on shares of Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. The Goldman Sachs Group started coverage on shares of Aura Minerals in a research report on Monday, October 13th. They issued a “buy” rating and a $46.60 target price on the stock. Finally, Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $45.80.

Aura Minerals Stock Performance

Shares of Aura Minerals stock opened at $30.84 on Friday. Aura Minerals has a fifty-two week low of $11.19 and a fifty-two week high of $41.04. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $2.55 billion and a price-to-earnings ratio of -37.61.

Hedge Funds Weigh In On Aura Minerals

Several large investors have recently modified their holdings of AUGO. U S Global Investors Inc. bought a new position in shares of Aura Minerals during the third quarter valued at $3,721,000. North of South Capital LLP bought a new position in shares of Aura Minerals during the third quarter valued at $3,088,000. Ashoka WhiteOak Capital Pte Ltd bought a new position in shares of Aura Minerals during the third quarter valued at $874,000. Finally, Diversified Trust Co bought a new position in Aura Minerals during the third quarter worth $216,000.

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.