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

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

A number of other equities analysts have also commented on the company. The Goldman Sachs Group lifted 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 lowered Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.90.

Aura Minerals Trading Up 5.0%

NASDAQ:AUGO opened at $72.36 on Friday. The firm has a market cap of $5.98 billion and a price-to-earnings ratio of -122.64. Aura Minerals has a 1 year low of $14.69 and a 1 year high of $76.80. The company has a quick ratio of 1.37, a current ratio of 1.62 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average price of $57.68.

Institutional Trading of Aura Minerals

Institutional investors and hedge funds have recently modified their holdings of the company. Ashoka WhiteOak Capital Pte Ltd bought a new position in Aura Minerals in the third quarter worth $874,000. Diversified Trust Co bought a new stake in Aura Minerals in the 3rd quarter valued at $216,000. U S Global Investors Inc. acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $3,721,000. North of South Capital LLP bought a new position in shares of Aura Minerals during the 3rd quarter worth about $3,088,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Aura Minerals during the 3rd quarter worth about $16,744,000.

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.