Aura Minerals (NASDAQ:AUGO) Share Price Crosses Below 200-Day Moving Average – Should You Sell?
by Michael Walen · The Markets DailyShares of Aura Minerals Inc. (NASDAQ:AUGO – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $75.63 and traded as low as $65.16. Aura Minerals shares last traded at $66.22, with a volume of 1,666,970 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently commented on AUGO shares. JPMorgan Chase & Co. lowered their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Santander downgraded shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. Bank of America lowered their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Scotiabank began coverage on shares of Aura Minerals in a research note on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 price objective for the company. Finally, Wall Street Zen upgraded Aura Minerals from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.95.
Get Our Latest Report on Aura Minerals
Aura Minerals Stock Performance
The company has a market capitalization of $5.55 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 0.22 and a beta of 0.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06. The stock’s fifty day simple moving average is $84.33 and its 200-day simple moving average is $75.63.
Aura Minerals (NASDAQ:AUGO – Get Free Report) last released its quarterly 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%. As a group, equities analysts predict that Aura Minerals Inc. will post 6.11 earnings per share for the current year.
Aura Minerals Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.3%. This is a decrease from Aura Minerals’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, August 18th. Aura Minerals’s dividend payout ratio (DPR) is 81.36%.
Insider Buying and Selling at Aura Minerals
In other Aura Minerals news, COO Glauber Luvizotto sold 64,713 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $80.20, for a total transaction of $5,189,982.60. Following the transaction, the chief operating officer owned 224,515 shares of the company’s stock, valued at $18,006,103. This represents a 22.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Sousa sold 280,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $81.67, for a total value of $22,867,600.00. Following the sale, the director owned 168,765 shares in the company, valued at $13,783,037.55. This trade represents a 62.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 263,011 shares of company stock valued at $22,662,070 and sold 1,568,065 shares valued at $133,318,052.
Institutional Investors Weigh In On Aura Minerals
Several institutional investors have recently bought and sold shares of AUGO. Bank of America Corp DE increased its position in shares of Aura Minerals by 42.5% in the first quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after acquiring an additional 291,623 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Aura Minerals in the 1st quarter valued at $50,378,000. Robeco Schweiz AG lifted its holdings in shares of Aura Minerals by 16.3% during the 3rd quarter. Robeco Schweiz AG now owns 473,190 shares of the company’s stock valued at $37,231,000 after acquiring an additional 66,190 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Aura Minerals by 125.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company’s stock valued at $26,241,000 after acquiring an additional 178,730 shares in the last quarter. Finally, Andra AP fonden acquired a new position in shares of Aura Minerals during the 2nd quarter valued at $10,550,000.
Aura Minerals Company Profile
Aura Minerals Inc is a mining company focused on the exploration, development, and operation of gold, copper, and other precious and base-metal properties in the Americas. The company’s activities span the full mining life cycle, including resource evaluation, mine development, production, processing, and exploration for additional mineral deposits.
Aura’s portfolio has included the Aranzazu copper-gold-silver mine in Zacatecas, Mexico; the San Andrés gold mine in Honduras; and gold operations in Brazil, including the Almas and São Francisco mines.