Aura Minerals (NASDAQ:AUGO) Price Target Lowered to $91.00 at JPMorgan Chase & Co.

Aura Minerals (NASDAQ:AUGO) had its target price reduced by JPMorgan Chase & Co. from $104.50 to $91.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently commented on the stock. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Bank of America cut their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Zacks Research upgraded Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.27.

Aura Minerals Stock Down 8.5%

Shares of NASDAQ:AUGO opened at $50.26 on Thursday. The business has a 50 day simple moving average of $66.63 and a two-hundred day simple moving average of $72.37. The firm has a market capitalization of $4.21 billion and a PE ratio of 46.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75. Aura Minerals has a 1 year low of $22.24 and a 1 year high of $110.32.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.The business had revenue of $382.61 million for the quarter. On average, equities analysts predict that Aura Minerals will post 6.57 EPS for the current year.

Aura Minerals Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.2%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Tuesday, May 19th. Aura Minerals’s dividend payout ratio is presently 288.89%.

Insider Transactions at Aura Minerals

In related news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the transaction, the chief financial officer directly owned 118,111 shares of the company’s stock, valued at $7,316,976.45. This represents a 33.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Luvizotto Glauber Rosa sold 22,367 shares of Aura Minerals stock in a transaction dated 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 sale, the chief operating officer directly owned 411,938 shares of the company’s stock, valued at approximately $26,887,193.26. This represents a 5.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 403,092 shares of company stock valued at $30,450,738 in the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AUGO. Triumph Capital Management acquired a new stake in shares of Aura Minerals during the fourth quarter worth about $25,000. Global Retirement Partners LLC acquired a new position in Aura Minerals in the 4th quarter worth approximately $34,000. Quarry LP purchased a new position in Aura Minerals during the 3rd quarter worth approximately $37,000. Hollencrest Capital Management raised its position in Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in Aura Minerals during the 3rd quarter valued at approximately $108,000.

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.