Aura Minerals Inc. (NASDAQ:AUGO) Given Average Recommendation of “Hold” by Brokerages

Aura Minerals Inc. (NASDAQ:AUGO) has earned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $79.2667.

Several brokerages recently issued reports on AUGO. Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lowered their target price on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Wall Street Zen lowered Aura Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research downgraded Aura Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Bank of America reduced their price target on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 9th.

Aura Minerals Stock Performance

Shares of AUGO opened at $76.24 on Wednesday. The company has a 50-day moving average of $62.17 and a two-hundred day moving average of $73.13. The stock has a market cap of $6.39 billion and a price-to-earnings ratio of 21.54. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. Aura Minerals has a one year low of $26.63 and a one year high of $110.32.

Aura Minerals (NASDAQ:AUGO) last announced its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. The company had revenue of $335.97 million for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. On average, equities research analysts expect that Aura Minerals will post 5.55 earnings per share for the current year.

Aura Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be given a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.8%. Aura Minerals’s payout ratio is currently 88.14%.

Insider Buying and Selling

In other Aura Minerals news, Director Mauad Bruno Sousa acquired 11,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $78.93 per share, with a total value of $868,230.00. Following the transaction, the director owned 448,765 shares of the company’s stock, valued at approximately $35,421,021.45. This trade represents a 2.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Santos Cardoso Joao Kleber Dos sold 2,066 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $80.00, for a total value of $165,280.00. Following the transaction, the chief financial officer owned 106,045 shares of the company’s stock, valued at approximately $8,483,600. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 363,174 shares of company stock worth $26,031,532.

Institutional Trading of Aura Minerals

Several institutional investors have recently modified their holdings of the company. Triumph Capital Management acquired a new stake in Aura Minerals during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new position in shares of Aura Minerals in the 4th quarter valued at $34,000. Quarry LP bought a new position in shares of Aura Minerals during the 3rd quarter worth about $37,000. Hollencrest Capital Management lifted its holdings in shares of 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 acquiring an additional 600 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of Aura Minerals during the 3rd quarter worth about $108,000.

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.