Aura Minerals (NASDAQ:AUGO) Shares Gap Down – What’s Next?

Aura Minerals Inc. (NASDAQ:AUGO) gapped down before the market opened on Thursday . The stock had previously closed at $87.39, but opened at $81.00. Aura Minerals shares last traded at $85.1340, with a volume of 225,764 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AUGO. Wall Street Zen lowered Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Zacks Research raised shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. began coverage on Aura Minerals in a research note on Wednesday, February 25th. They set an “overweight” rating and a $105.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $67.60.

Aura Minerals Price Performance

The company has a fifty day moving average of $74.74 and a 200-day moving average of $53.45. 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 stock has a market cap of $7.35 billion and a PE ratio of -83.51.

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

Aura Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 annualized dividend and a yield of 3.0%. Aura Minerals’s dividend payout ratio is -251.43%.

Insiders Place Their Bets

In related news, CEO Rodrigo Cardoso Barbosa sold 5,000 shares of Aura Minerals stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $61.75, for a total value of $308,750.00. Following the completion of the transaction, the chief executive officer owned 854,745 shares in the company, valued at $52,780,503.75. The trade was a 0.58% 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.

Hedge Funds Weigh In On 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 4th quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in shares of Aura Minerals during the 4th quarter worth approximately $34,000. Hollencrest Capital Management boosted its holdings in shares of 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 buying an additional 600 shares in the last quarter. Quarry LP purchased a new position in shares of Aura Minerals during the third quarter worth about $37,000. Finally, Shell Asset Management Co. purchased a new position in shares of Aura Minerals during the third quarter worth about $43,000.

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.