Aura Minerals Inc. (NASDAQ:AUGO) Receives $79.27 Average PT from Analysts

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

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

Insider Activity at Aura Minerals

In other news, COO Luvizotto Glauber Rosa sold 22,367 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $65.27, for a total value of $1,459,894.09. Following the completion of the transaction, the chief operating officer directly owned 411,938 shares in the company, valued at approximately $26,887,193.26. This represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $81.43, for a total value of $4,885,800.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 403,092 shares of company stock valued at $30,450,738 over the last three months.

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 fourth quarter valued at about $25,000. Hollencrest Capital Management increased its stake in shares of Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after buying an additional 600 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Aura Minerals in the fourth quarter valued at approximately $34,000. Virtus Advisers LLC raised its holdings in 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 during the last quarter. Finally, Quarry LP bought a new position in Aura Minerals in the 3rd quarter valued at approximately $37,000.

Aura Minerals Trading Up 1.8%

Shares of AUGO opened at $55.78 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98. Aura Minerals has a 52-week low of $22.24 and a 52-week high of $110.32. The firm has a market cap of $4.67 billion and a price-to-earnings ratio of 51.65. The business’s fifty day moving average is $63.00 and its 200-day moving average is $72.50.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter. The business had revenue of $382.61 million during the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. Equities analysts anticipate that Aura Minerals will post 5.55 EPS for the current fiscal year.

Aura Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 5.6%. 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 currently 288.89%.

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.