Analysts Set Aura Minerals Inc. (NASDAQ:AUGO) PT at $67.60

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have been assigned a consensus rating of “Buy” from the five research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $67.60.

A number of analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. assumed coverage on shares of Aura Minerals in a research note on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Wall Street Zen downgraded Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Finally, Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd.

Insider Activity at Aura Minerals

In related news, CEO Rodrigo Cardoso Barbosa sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $61.75, for a total transaction of $308,750.00. Following the transaction, the chief executive officer directly owned 854,745 shares of the company’s stock, valued at approximately $52,780,503.75. The trade was a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Institutional Trading of Aura Minerals

Large investors have recently bought and sold shares of the company. Capital World Investors acquired a new position in shares of Aura Minerals during the third quarter worth $60,284,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Aura Minerals in the third quarter worth about $29,988,000. JPMorgan Chase & Co. purchased a new position in Aura Minerals in the third quarter valued at about $27,097,000. Bank of America Corp DE acquired a new stake in Aura Minerals during the 3rd quarter valued at approximately $17,623,000. Finally, Marshall Wace LLP acquired a new stake in Aura Minerals during the 3rd quarter valued at approximately $17,483,000.

Aura Minerals Trading Down 7.3%

Shares of AUGO opened at $66.27 on Friday. Aura Minerals has a twelve month low of $15.00 and a twelve month high of $90.19. The firm has a market capitalization of $5.54 billion and a P/E ratio of -63.11. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock’s fifty day simple moving average is $72.79 and its 200 day simple moving average is $51.41.

Aura Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Wednesday, March 11th. Aura Minerals’s dividend payout ratio (DPR) is presently -251.43%.

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.