Aura Minerals Inc. (NASDAQ:AUGO) Receives Average Rating of “Moderate Buy” from Analysts

Aura Minerals Inc. (NASDAQ:AUGO) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $79.2667.

AUGO has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. cut their price target on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Bank of America reduced their price objective on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th.

Aura Minerals Stock Down 0.5%

Aura Minerals stock opened at $54.81 on Friday. The stock has a 50 day moving average of $63.40 and a two-hundred day moving average of $72.35. Aura Minerals has a twelve month low of $22.24 and a twelve month high of $110.32. The stock has a market capitalization of $4.59 billion and a price-to-earnings ratio of 50.75. 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 released its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.The business had revenue of $382.61 million during the quarter. As a group, research analysts expect that Aura Minerals will post 5.55 earnings per share for the current year.

Aura Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.7%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. Aura Minerals’s dividend payout ratio (DPR) is presently 288.89%.

Insiders Place Their Bets

In other Aura Minerals news, Director Mauad Bruno Sousa sold 100,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $77.48, for a total transaction of $7,748,000.00. Following the sale, the director directly owned 434,965 shares in the company, valued at approximately $33,701,088.20. The trade was a 18.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 794,745 shares in the company, valued at approximately $64,716,085.35. This trade represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 403,092 shares of company stock worth $30,450,738.

Institutional Trading of Aura Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Trust Co. increased its holdings in Aura Minerals by 194.8% in the fourth quarter. Diversified Trust Co. now owns 17,100 shares of the company’s stock valued at $862,000 after buying an additional 11,300 shares in the last quarter. Robeco Schweiz AG purchased a new stake in shares of Aura Minerals during the 4th quarter worth approximately $13,108,000. Sagil Capital LLP acquired a new stake in shares of Aura Minerals in the 4th quarter worth approximately $7,864,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Aura Minerals in the 4th quarter worth approximately $3,892,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in Aura Minerals in the 4th quarter valued at approximately $1,286,000.

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.