Aura Minerals (NASDAQ:AUGO) Stock Rating Upgraded by Wall Street Zen

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

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. 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. Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. One 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $48.90.

Aura Minerals Trading Up 3.0%

Shares of AUGO opened at $52.75 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.83. Aura Minerals has a twelve month low of $11.99 and a twelve month high of $55.40. The firm has a market cap of $4.36 billion and a price-to-earnings ratio of -89.41. The firm has a fifty day moving average price of $43.02.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.90). The firm 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 company’s revenue for the quarter was up 58.7% compared to the same quarter last year.

Institutional Inflows and Outflows

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

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.