Aura Minerals (NASDAQ:AUGO) Issues Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Aura Minerals (NASDAQ:AUGO) released its quarterly earnings results on Tuesday. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.13), Zacks reports. Aura Minerals had a positive return on equity of 71.90% and a negative net margin of 8.88%.

Aura Minerals Stock Down 4.1%

Shares of AUGO traded down $1.36 during midday trading on Tuesday, hitting $31.55. The company’s stock had a trading volume of 403,642 shares, compared to its average volume of 165,219. Aura Minerals has a one year low of $11.19 and a one year high of $41.04. The company’s fifty day moving average price is $34.44. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.83. The company has a market cap of $2.61 billion and a PE ratio of -38.48.

Wall Street Analyst Weigh In

AUGO has been the subject of several research reports. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Bank of America lifted their price target on Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Wednesday, October 8th. The Goldman Sachs Group assumed coverage on Aura Minerals in a report on Monday, October 13th. They set a “buy” rating and a $46.60 price target for the company. Finally, Wall Street Zen upgraded Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $45.80.

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.