Bank of America Has Lowered Expectations for Aura Minerals (NASDAQ:AUGO) Stock Price

Aura Minerals (NASDAQ:AUGO) had its target price lowered by equities researchers at Bank of America from $122.00 to $94.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 57.14% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

Aura Minerals Trading Down 5.6%

AUGO stock opened at $59.82 on Thursday. Aura Minerals has a 12-month low of $22.24 and a 12-month high of $110.32. The business’s 50-day moving average is $69.86 and its 200 day moving average is $72.16. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The stock has a market cap of $5.01 billion and a price-to-earnings ratio of 55.39.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter. The business had revenue of $382.61 million for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. On average, sell-side analysts anticipate that Aura Minerals will post 7.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Aura Minerals news, Director Mauad Bruno Sousa sold 100,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $77.48, for a total transaction of $7,748,000.00. Following the transaction, the director owned 434,965 shares of the company’s stock, valued at approximately $33,701,088.20. The trade was a 18.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Luvizotto Glauber Rosa sold 22,367 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $65.27, for a total value of $1,459,894.09. Following the completion of the sale, the chief operating officer owned 411,938 shares of the company’s stock, valued at approximately $26,887,193.26. The trade was a 5.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 403,092 shares of company stock worth $30,450,738.

Institutional Investors Weigh In On Aura Minerals

A number of hedge funds have recently modified their holdings of the company. Triumph Capital Management acquired a new position in Aura Minerals in the 4th quarter valued at about $25,000. Hollencrest Capital Management increased its holdings in shares of Aura Minerals by 307.7% during 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. Global Retirement Partners LLC purchased a new stake in shares of Aura Minerals during the 4th quarter valued at approximately $34,000. Virtus Advisers LLC raised its position in shares of Aura Minerals by 46.4% during the 4th quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock valued at $133,000 after buying an additional 835 shares during the period. Finally, Quarry LP acquired a new position in Aura Minerals in the third quarter valued at approximately $37,000.

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.