Aura Minerals (NASDAQ:AUGO) Posts Earnings Results

Aura Minerals (NASDAQ:AUGO) released its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $382.61 million during the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%.

Aura Minerals Trading Up 7.2%

AUGO stock traded up $4.36 during trading on Thursday, reaching $64.86. 520,678 shares of the stock were exchanged, compared to its average volume of 999,177. The business has a 50 day moving average price of $72.65 and a 200-day moving average price of $71.57. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $5.43 billion and a price-to-earnings ratio of 59.77. Aura Minerals has a 1 year low of $22.24 and a 1 year high of $110.32.

Aura Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.8%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. Aura Minerals’s payout ratio is currently 288.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.60.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the completion of the sale, the chief financial officer directly owned 118,111 shares in the company, valued at $7,316,976.45. The trade was a 33.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $65.27, for a total transaction of $1,459,894.09. Following the transaction, the chief operating officer directly owned 411,938 shares in the company, valued at approximately $26,887,193.26. The trade was 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. In the last three months, insiders have sold 384,082 shares of company stock worth $29,210,716.

Hedge Funds Weigh In On Aura Minerals

A number of hedge funds and other institutional investors have recently bought and sold shares of AUGO. Triumph Capital Management purchased a new position in Aura Minerals in the 4th quarter worth approximately $25,000. Hollencrest Capital Management lifted its position in Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Aura Minerals during the fourth quarter worth $34,000. Virtus Advisers LLC raised its holdings in shares of Aura Minerals by 46.4% in the fourth 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 acquired a new stake in Aura Minerals in the third quarter valued at $37,000.

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.