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

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have earned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $79.2667.

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

Aura Minerals Price Performance

Aura Minerals stock opened at $76.24 on Wednesday. The firm has a market capitalization of $6.39 billion and a PE ratio of 21.54. Aura Minerals has a 52 week low of $26.63 and a 52 week high of $110.32. The firm’s 50-day simple moving average is $62.17 and its 200 day simple moving average is $73.13. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82.

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

Aura Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.72 per share. The ex-dividend date is Tuesday, August 18th. This represents a $2.88 annualized dividend and a yield of 3.8%. Aura Minerals’s dividend payout ratio is presently 88.14%.

Insider Activity

In other news, COO Luvizotto Glauber Rosa sold 1,400 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $80.00, for a total transaction of $112,000.00. Following the sale, the chief operating officer directly owned 289,228 shares in the company, valued at approximately $23,138,240. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Bruno Sousa bought 11,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $78.93 per share, for a total transaction of $868,230.00. Following the completion of the transaction, the director directly owned 448,765 shares of the company’s stock, valued at $35,421,021.45. This trade represents a 2.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 363,174 shares of company stock worth $26,031,532.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in shares of Aura Minerals by 42.5% during the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock valued at $79,740,000 after purchasing an additional 291,623 shares in the last quarter. SPX Gestao de Recursos Ltda grew its stake in shares of Aura Minerals by 8.8% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock worth $44,225,000 after purchasing an additional 71,289 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Aura Minerals by 32.7% in the 4th quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock worth $31,439,000 after purchasing an additional 153,828 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Aura Minerals in the 1st quarter worth approximately $50,378,000. Finally, William Blair Investment Management LLC lifted its stake in Aura Minerals by 9.3% during the fourth quarter. William Blair Investment Management LLC now owns 496,303 shares of the company’s stock valued at $25,021,000 after purchasing an additional 42,091 shares during the last quarter.

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.