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

Aura Minerals Inc. (NASDAQ:AUGO) has earned an average rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $67.60.

AUGO has been the topic of several analyst reports. Weiss Ratings lowered shares of Aura Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th.

Insider Buying and Selling

In other news, Director Mauad Bruno Sousa acquired 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average cost of $64.95 per share, with a total value of $181,860.00. Following the acquisition, the director owned 437,765 shares in the company, valued at approximately $28,432,836.75. This represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $82.63, for a total transaction of $4,544,650.00. Following the sale, the chief executive officer directly owned 739,745 shares of the company’s stock, valued at approximately $61,125,129.35. This represents a 6.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 301,715 shares of company stock valued at $24,033,822.

Institutional Trading of Aura Minerals

A number of hedge funds have recently bought and sold shares of the stock. Triumph Capital Management bought a new stake in Aura Minerals in the 4th quarter valued at $25,000. Hollencrest Capital Management boosted its holdings in Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after purchasing an additional 600 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Aura Minerals in the 4th quarter valued at $34,000. Virtus Advisers LLC raised its stake in shares of Aura Minerals by 46.4% in the 4th quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock valued at $133,000 after buying an additional 835 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $37,000.

Aura Minerals Stock Performance

Shares of AUGO opened at $63.65 on Tuesday. The company’s fifty day moving average is $74.47 and its 200-day moving average is $71.32. Aura Minerals has a 12 month low of $22.24 and a 12 month high of $110.32. The firm has a market cap of $5.33 billion and a price-to-earnings ratio of 58.94. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03.

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

Aura Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 4.9%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s payout ratio is currently 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.