Aura Minerals (NASDAQ:AUGO) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Aura Minerals (NASDAQ:AUGO) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently commented on AUGO. JPMorgan Chase & Co. dropped their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Bank of America decreased their target price on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Weiss Ratings raised shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Scotiabank started coverage on shares of Aura Minerals in a research report on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.95.

Aura Minerals Stock Up 0.6%

Aura Minerals stock opened at $83.57 on Friday. The business’s 50-day moving average price is $76.41 and its 200 day moving average price is $75.46. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 23.61 and a beta of 0.28. Aura Minerals has a 52 week low of $29.11 and a 52 week high of $110.32.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%.The company had revenue of $335.97 million during the quarter. As a group, sell-side analysts anticipate that Aura Minerals will post 5.45 earnings per share for the current year.

Aura Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This is a decrease from Aura Minerals’s previous quarterly dividend of $0.78. This represents a $2.88 annualized dividend and a yield of 3.4%. Aura Minerals’s dividend payout ratio is 81.36%.

Insider Buying and Selling

In other news, Director Mauad Sousa sold 166,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $90.65, for a total value of $15,047,900.00. Following the completion of the sale, the director directly owned 1,041 shares in the company, valued at $94,366.65. The trade was a 99.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders purchased 263,011 shares of company stock valued at $22,662,070 and sold 1,647,075 shares valued at $138,275,074.

Institutional Investors Weigh In On Aura Minerals

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Aura Minerals by 42.5% in the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after acquiring an additional 291,623 shares in the last quarter. Sagil Capital LLP purchased a new position in Aura Minerals during the fourth quarter valued at $7,864,000. Wealth High Governance Capital Ltda purchased a new position in Aura Minerals during the first quarter valued at $4,298,000. Arrowstreet Capital Limited Partnership grew its position in shares of Aura Minerals by 125.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company’s stock valued at $26,241,000 after purchasing an additional 178,730 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Aura Minerals in the first quarter valued at about $2,100,000.

Aura Minerals Company Profile

Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.

Aura’s operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.