Aura Minerals Inc. (NASDAQ:AUGO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Aura Minerals Inc. (NASDAQ:AUGO) has been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $67.60.

AUGO has been the topic of several analyst reports. Weiss Ratings raised Aura Minerals from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. initiated coverage on Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 target price on the stock. Finally, Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th.

Insider Buying and Selling at Aura Minerals

In other news, Director Mauad Bruno Sousa sold 100,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $77.48, for a total value of $7,748,000.00. Following the completion of the transaction, the director owned 434,965 shares in the company, valued at $33,701,088.20. The trade was a 18.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $81.43, for a total value of $4,885,800.00. Following the completion of the transaction, the chief executive officer owned 794,745 shares of the company’s stock, valued at $64,716,085.35. This represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 310,392 shares of company stock valued at $24,588,386 in the last 90 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital World Investors purchased a new position in shares of Aura Minerals in the third quarter worth $60,284,000. Bank of America Corp DE raised its stake in shares of Aura Minerals by 42.5% in the first quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after purchasing an additional 291,623 shares during the last quarter. SPX Gestao de Recursos Ltda raised its stake in shares of Aura Minerals by 8.8% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock worth $44,225,000 after purchasing an additional 71,289 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Aura Minerals in the third quarter worth $27,097,000. Finally, Marshall Wace LLP raised its stake in shares of Aura Minerals by 32.7% in the fourth quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock worth $31,439,000 after purchasing an additional 153,828 shares during the last quarter.

Aura Minerals Trading Up 4.1%

Aura Minerals stock opened at $66.86 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The business’s fifty day simple moving average is $83.94 and its two-hundred day simple moving average is $68.59. Aura Minerals has a 12 month low of $22.24 and a 12 month high of $110.32. The company has a market capitalization of $5.60 billion and a price-to-earnings ratio of 61.91.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Wednesday, May 20th. The company reported $999.00 EPS for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. As a group, equities analysts predict that Aura Minerals will post 10.08 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were paid a $0.78 dividend. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. This represents a $3.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, May 19th. Aura Minerals’s dividend payout ratio (DPR) is presently 288.89%.

About Aura Minerals

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.