JPMorgan Chase & Co. Issues Pessimistic Forecast for Aura Minerals (NASDAQ:AUGO) Stock Price

Aura Minerals (NASDAQ:AUGO) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $104.50 to $91.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 81.20% from the stock’s previous close.

AUGO has been the topic of a number of other research reports. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Bank of America cut their target price on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.27.

Aura Minerals Stock Performance

NASDAQ:AUGO opened at $50.22 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98. Aura Minerals has a fifty-two week low of $22.24 and a fifty-two week high of $110.32. The firm has a market cap of $4.21 billion and a PE ratio of 46.50. The business has a 50 day moving average price of $65.99 and a 200-day moving average price of $72.21.

Aura Minerals (NASDAQ:AUGO) last issued its earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. The company had revenue of $382.61 million for the quarter. Equities research analysts predict that Aura Minerals will post 6.57 earnings per share for the current year.

Insider Transactions at Aura Minerals

In other news, Director Mauad Bruno Sousa acquired 2,800 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average price of $64.95 per share, for a total transaction of $181,860.00. Following the completion of the acquisition, the director owned 437,765 shares in the company, valued at $28,432,836.75. This trade represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Luvizotto Glauber Rosa sold 19,010 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $65.23, for a total value of $1,240,022.30. Following the transaction, the chief operating officer directly owned 390,628 shares of the company’s stock, valued at $25,480,664.44. This represents a 4.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 403,092 shares of company stock valued at $30,450,738 in the last three months.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Triumph Capital Management purchased a new stake in Aura Minerals in the fourth quarter worth about $25,000. Global Retirement Partners LLC bought a new stake in shares of Aura Minerals in the 4th quarter worth approximately $34,000. Quarry LP bought a new stake in shares of Aura Minerals in the 3rd quarter worth approximately $37,000. Hollencrest Capital Management grew its stake in shares of Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Aura Minerals in the 3rd quarter worth approximately $108,000.

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.