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

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

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group initiated coverage on Aura Minerals in a research report on Monday, October 13th. They set a “buy” rating and a $46.60 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a 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. Finally, Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $45.80.

Aura Minerals Price Performance

AUGO stock opened at $34.29 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $2.83 billion and a PE ratio of -58.12. Aura Minerals has a fifty-two week low of $11.19 and a fifty-two week high of $41.04. The stock’s 50-day moving average price is $34.33.

Institutional Trading of Aura Minerals

A number of large investors have recently added to or reduced their stakes in AUGO. Shell Asset Management Co. bought a new position in shares of Aura Minerals during the third quarter worth approximately $43,000. State of Wyoming bought a new stake in Aura Minerals in the 3rd quarter valued at $164,000. Diversified Trust Co acquired a new position in Aura Minerals in the 3rd quarter valued at $216,000. Y Intercept Hong Kong Ltd bought a new position in Aura Minerals during the 3rd quarter worth $646,000. Finally, Ashoka WhiteOak Capital Pte Ltd bought a new position in Aura Minerals during the 3rd quarter worth $874,000.

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.