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

Aura Minerals (NASDAQ:AUGO) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $104.50 to $91.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 81.68% from the company’s previous close.

Several other brokerages have also issued reports on AUGO. Weiss Ratings lowered Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report 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. Bank of America reduced their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.27.

Aura Minerals Stock Performance

Shares of AUGO stock traded down $4.82 during trading on Thursday, hitting $50.09. The company’s stock had a trading volume of 747,144 shares, compared to its average volume of 1,009,224. 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 company has a market cap of $4.20 billion and a PE ratio of 46.49. The business has a fifty day moving average of $67.24 and a 200-day moving average of $72.39. Aura Minerals has a 52 week low of $22.24 and a 52 week high of $110.32.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.The business had revenue of $382.61 million for the quarter. As a group, research analysts anticipate 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 purchased 2,800 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $64.95 per share, with a total value of $181,860.00. Following the transaction, the director directly owned 437,765 shares of the company’s stock, valued at approximately $28,432,836.75. This represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the transaction, the chief financial officer owned 118,111 shares of the company’s stock, valued at $7,316,976.45. The trade was a 33.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 403,092 shares of company stock valued at $30,450,738.

Institutional Investors Weigh In On Aura Minerals

Several institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management bought a new stake in shares of Aura Minerals in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management boosted its holdings in 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 period. Global Retirement Partners LLC bought a new position in Aura Minerals in the 4th quarter worth approximately $34,000. Virtus Advisers LLC grew its stake in Aura Minerals by 46.4% in 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 in the last quarter. Finally, Quarry LP purchased a new position in Aura Minerals in the 3rd 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.