Aura Minerals Inc. (NASDAQ:AUGO) Given Average Recommendation of “Hold” by Analysts

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $67.60.

AUGO has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research note on Friday, March 27th. Zacks Research lowered shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. began coverage on shares of Aura Minerals in a research note on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price target for the company. Finally, Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd.

Insider Activity at Aura Minerals

In related news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $82.63, for a total transaction of $4,544,650.00. Following the completion of the sale, the chief executive officer directly owned 739,745 shares of the company’s stock, valued at $61,125,129.35. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mauad Bruno Sousa sold 38,384 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $83.95, for a total transaction of $3,222,336.80. Following the sale, the director directly owned 576,973 shares of the company’s stock, valued at approximately $48,436,883.35. This represents a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 168,384 shares of company stock valued at $13,619,737.

Institutional Trading of Aura Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in AUGO. North of South Capital LLP acquired a new stake in Aura Minerals during the third quarter valued at approximately $3,088,000. Teacher Retirement System of Texas acquired a new stake in Aura Minerals during the third quarter valued at approximately $16,744,000. Y Intercept Hong Kong Ltd acquired a new stake in Aura Minerals during the third quarter valued at approximately $646,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Aura Minerals during the third quarter valued at approximately $1,532,000. Finally, State of Wyoming acquired a new stake in shares of Aura Minerals during the third quarter valued at approximately $164,000.

Aura Minerals Stock Performance

Shares of NASDAQ:AUGO opened at $76.42 on Monday. The company has a 50 day moving average of $84.66 and a 200-day moving average of $64.72. The firm has a market cap of $6.40 billion and a P/E ratio of 70.76. Aura Minerals has a twelve month low of $19.25 and a twelve month high of $110.32. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $321.66 million during the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. As a group, analysts anticipate that Aura Minerals will post 10.08 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.78 per share. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. This represents a $3.12 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, May 19th. Aura Minerals’s dividend payout ratio (DPR) is currently 244.44%.

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.