Analysts Set Aura Minerals Inc. (NASDAQ:AUGO) PT at $67.60

Aura Minerals Inc. (NASDAQ:AUGO) has earned an average rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $67.60.

Several brokerages recently issued reports on AUGO. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Friday, March 27th. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Wall Street Zen downgraded Aura Minerals from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price target on the stock.

Insider Activity

In other news, CEO Rodrigo Cardoso Barbosa sold 10,000 shares of Aura Minerals stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $65.82, for a total transaction of $658,200.00. Following the transaction, the chief executive officer directly owned 859,745 shares in the company, valued at approximately $56,588,415.90. This trade represents a 1.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Aura Minerals

A number of hedge funds have recently modified their holdings of AUGO. Ashoka WhiteOak Capital Pte Ltd acquired a new position in shares of Aura Minerals in the 3rd quarter worth $874,000. Diversified Trust Co acquired a new position in shares of Aura Minerals in the 3rd quarter worth $216,000. U S Global Investors Inc. acquired a new position in shares of Aura Minerals in the 3rd quarter worth $3,721,000. North of South Capital LLP acquired a new position in shares of Aura Minerals in the 3rd quarter worth $3,088,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Aura Minerals in the 3rd quarter worth $16,744,000.

Aura Minerals Price Performance

AUGO stock opened at $109.14 on Thursday. The firm has a market cap of $9.14 billion and a P/E ratio of -103.94. The stock has a 50-day simple moving average of $81.51 and a 200-day simple moving average of $58.25. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.97. Aura Minerals has a 1 year low of $17.98 and a 1 year high of $110.32.

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

Aura Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, March 11th. Aura Minerals’s payout ratio is currently -251.43%.

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.