Aura Minerals (NASDAQ:AUGO) Trading Up 5.2% – Time to Buy?

Aura Minerals Inc. (NASDAQ:AUGO) was up 5.2% during trading on Friday . The stock traded as high as $70.17 and last traded at $69.7050. Approximately 505,377 shares traded hands during trading, a decline of 49% from the average daily volume of 987,710 shares. The stock had previously closed at $66.27.

Analysts Set New Price Targets

AUGO has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. The Goldman Sachs Group boosted their price objective on shares of Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. JPMorgan Chase & Co. initiated coverage on shares of Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 target price for the company. Finally, Wall Street Zen downgraded shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $67.60.

Aura Minerals Stock Up 5.7%

The firm has a market cap of $5.85 billion and a price-to-earnings ratio of -66.73. 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 firm has a 50 day moving average price of $72.99 and a 200-day moving average price of $51.82.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. Aura Minerals had a negative net margin of 8.61% and a positive return on equity of 94.81%. The business had revenue of $321.66 million during the quarter.

Aura Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th were given a $0.66 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 annualized dividend and a dividend yield of 3.8%. Aura Minerals’s dividend payout ratio is currently -251.43%.

Insider Activity at Aura Minerals

In other news, CEO Rodrigo Cardoso Barbosa sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $61.75, for a total transaction of $308,750.00. Following the completion of the transaction, the chief executive officer directly owned 854,745 shares of the company’s stock, valued at $52,780,503.75. This trade represents a 0.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Aura Minerals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management acquired a new position in shares of Aura Minerals in the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in shares of Aura Minerals during the fourth quarter valued at $34,000. Quarry LP purchased a new stake in Aura Minerals during the 3rd quarter worth about $37,000. Hollencrest Capital Management increased its position in Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares in the last quarter. Finally, Shell Asset Management Co. purchased a new position in Aura Minerals in the 3rd quarter valued at about $43,000.

Aura Minerals Company Profile

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.