Aura Minerals (NASDAQ:AUGO) Posts Earnings Results

Aura Minerals (NASDAQ:AUGO) issued its earnings results on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.

Aura Minerals Price Performance

NASDAQ AUGO traded up $3.49 on Wednesday, hitting $74.95. The company had a trading volume of 419,558 shares, compared to its average volume of 949,777. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75. Aura Minerals has a 12-month low of $20.08 and a 12-month high of $110.32. The company’s fifty day moving average price is $84.36 and its 200-day moving average price is $65.34. The company has a market capitalization of $6.28 billion and a PE ratio of 69.40.

Aura Minerals Increases Dividend

The company 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 $0.78 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 4.2%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s dividend payout ratio (DPR) is presently 288.89%.

Analyst Ratings Changes

Several research firms have recently weighed in on AUGO. Zacks Research cut shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. started coverage on Aura Minerals in a research report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $67.60.

Insider Transactions at Aura Minerals

In related news, Director Mauad Bruno Sousa sold 38,384 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $83.95, for a total value of $3,222,336.80. Following the sale, the director owned 576,973 shares of the company’s stock, valued at $48,436,883.35. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $81.43, for a total transaction of $4,885,800.00. Following the sale, the chief executive officer directly owned 794,745 shares in the company, valued at approximately $64,716,085.35. The trade was a 7.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 168,384 shares of company stock worth $13,619,737 in the last ninety days.

Institutional Trading of Aura Minerals

Several large investors have recently bought and sold shares of AUGO. Triumph Capital Management acquired a new stake in shares of Aura Minerals during the fourth quarter worth approximately $25,000. Hollencrest Capital Management grew its position in shares of Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Aura Minerals during the fourth quarter worth approximately $34,000. Virtus Advisers LLC grew its position in shares of Aura Minerals by 46.4% during the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock worth $133,000 after buying an additional 835 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Aura Minerals during the third quarter worth approximately $37,000.

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.