Aura Minerals (NASDAQ:AUGO) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Aura Minerals (NASDAQ:AUGO) issued its quarterly earnings results on Thursday. The company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.09), FiscalAI reports. The company had revenue of $385.98 million for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%.

Aura Minerals Stock Performance

Shares of Aura Minerals stock traded down $1.12 during trading on Thursday, hitting $71.27. 1,466,506 shares of the company’s stock traded hands, compared to its average volume of 982,062. Aura Minerals has a 1 year low of $32.77 and a 1 year high of $110.32. The business has a 50-day simple moving average of $83.09 and a 200-day simple moving average of $75.76. The stock has a market capitalization of $5.97 billion, a P/E ratio of 20.13, a PEG ratio of 0.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82.

Analyst Ratings Changes

Several analysts recently commented on the stock. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Santander lowered shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a research note on Monday, August 31st. 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 report on Thursday, July 9th. JPMorgan Chase & Co. dropped their target price 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. Finally, Scotiabank initiated coverage on shares of Aura Minerals in a report on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.95.

Insider Transactions at Aura Minerals

In other Aura Minerals news, Director Mauad Sousa sold 280,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $81.67, for a total transaction of $22,867,600.00. Following the transaction, the director owned 168,765 shares in the company, valued at approximately $13,783,037.55. This represents a 62.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Glauber Luvizotto sold 64,713 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $80.20, for a total transaction of $5,189,982.60. Following the sale, the chief operating officer directly owned 224,515 shares in the company, valued at approximately $18,006,103. The trade was a 22.37% 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. In the last three months, insiders acquired 263,011 shares of company stock valued at $22,662,070 and sold 1,568,065 shares valued at $133,318,052.

Institutional Trading of Aura Minerals

A number of hedge funds have recently bought and sold shares of the company. Triumph Capital Management grew its stake in shares of Aura Minerals by 32.4% in the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock worth $38,000 after buying an additional 146 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of Aura Minerals during the 3rd quarter valued at about $38,000. GAMMA Investing LLC lifted its holdings in shares of Aura Minerals by 522.2% in the 3rd quarter. GAMMA Investing LLC now owns 616 shares of the company’s stock valued at $48,000 after acquiring an additional 517 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in Aura Minerals during the 3rd quarter valued at about $42,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Aura Minerals by 31.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,571 shares of the company’s stock valued at $360,000 after purchasing an additional 1,090 shares in the last quarter.

Aura Minerals Company Profile

Aura Minerals Inc is a mining company focused on the exploration, development, and operation of gold, copper, and other precious and base-metal properties in the Americas. The company’s activities span the full mining life cycle, including resource evaluation, mine development, production, processing, and exploration for additional mineral deposits.

Aura’s portfolio has included the Aranzazu copper-gold-silver mine in Zacatecas, Mexico; the San Andrés gold mine in Honduras; and gold operations in Brazil, including the Almas and São Francisco mines.