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

Aura Minerals (NASDAQ:AUGO) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

Several other equities research analysts have also weighed in on AUGO. The Goldman Sachs Group raised their price objective on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Finally, Bank of America boosted their price objective on 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 assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $48.90.

Aura Minerals Price Performance

NASDAQ AUGO opened at $60.22 on Monday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $45.58. Aura Minerals has a 12 month low of $12.19 and a 12 month high of $61.39. The company has a market cap of $4.98 billion and a P/E ratio of -102.07.

Aura Minerals (NASDAQ:AUGO) last issued its earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.90). The business had revenue of $247.83 million for the quarter. Aura Minerals had a positive return on equity of 93.74% and a negative net margin of 5.55%.The firm’s revenue was up 58.7% compared to the same quarter last year.

Institutional Investors Weigh In On Aura Minerals

A number of institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in Aura Minerals in the 3rd quarter valued at approximately $37,000. Shell Asset Management Co. acquired a new stake in shares of Aura Minerals during the 3rd quarter valued at $43,000. Banque Cantonale Vaudoise purchased a new position in shares of Aura Minerals during the 3rd quarter valued at $108,000. BNP Paribas Financial Markets acquired a new position in shares of Aura Minerals in the third quarter worth $145,000. Finally, SG Americas Securities LLC acquired a new position in shares of Aura Minerals in the fourth quarter worth $213,000.

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.