Aura Minerals Inc. (NASDAQ:AUGO) Receives Average Rating of “Buy” from Brokerages

Aura Minerals Inc. (NASDAQ:AUGO) has received an average recommendation of “Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $67.60.

A number of brokerages have issued reports on AUGO. Wall Street Zen downgraded Aura Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Zacks Research upgraded Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. began coverage on Aura Minerals in a research report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price objective on the stock.

Insider Transactions at Aura Minerals

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $61.75, for a total transaction of $308,750.00. Following the sale, the chief executive officer directly owned 854,745 shares in the company, valued at $52,780,503.75. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Institutional Investors Weigh In On Aura Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. purchased a new stake in Aura Minerals during the first quarter valued at approximately $4,814,000. Blue Trust Inc. raised its position in Aura Minerals by 2,736.1% during the first quarter. Blue Trust Inc. now owns 5,899 shares of the company’s stock valued at $481,000 after purchasing an additional 5,691 shares during the period. Sheets Smith Wealth Management purchased a new stake in Aura Minerals during the first quarter valued at approximately $836,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aura Minerals in the fourth quarter worth approximately $134,000. Finally, Virtu Financial LLC purchased a new stake in shares of Aura Minerals in the fourth quarter worth approximately $698,000.

Aura Minerals Price Performance

NASDAQ:AUGO opened at $97.92 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $8.20 billion and a P/E ratio of -93.26. Aura Minerals has a 12 month low of $17.98 and a 12 month high of $110.32. The business’s 50-day moving average is $83.09 and its 200 day moving average is $59.58.

Aura Minerals (NASDAQ:AUGO) last posted its earnings results on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $321.66 million during the quarter. Aura Minerals had a positive return on equity of 94.81% and a negative net margin of 8.61%. On average, equities research analysts forecast that Aura Minerals will post 11.98 earnings per share for the current fiscal year.

Aura Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 dividend on an annualized basis and a yield of 2.7%. Aura Minerals’s dividend payout ratio is -251.43%.

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.