Aura Minerals Inc. (AUGO) – What Are Analysts Thinking About This Stock?

by · The Markets Daily

Shares of Aura Minerals Inc. (NASDAQ:AUGO – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $86.95.

AUGO has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Bank of America dropped their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research raised Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Santander cut Aura Minerals from an “outperform” rating to a “neutral” rating in a research note on Monday, August 31st. Finally, Wall Street Zen cut Aura Minerals from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th.

Get Our Latest Report on Aura Minerals

Insider Transactions at Aura Minerals

In other news, Director Mauad Sousa sold 166,000 shares of Aura Minerals stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $90.65, for a total value of $15,047,900.00. Following the completion of the transaction, the director owned 1,041 shares in the company, valued at approximately $94,366.65. This trade represents a 99.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 263,011 shares of company stock valued at $22,662,070 and sold 1,568,065 shares valued at $133,318,052.

Institutional Trading of Aura Minerals

A number of large investors have recently made changes to their positions in AUGO. Jennison Associates LLC purchased a new stake in shares of Aura Minerals during the 1st quarter worth $50,378,000. 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 worth $79,740,000 after acquiring an additional 291,623 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position 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 worth $26,241,000 after acquiring an additional 178,730 shares in the last quarter. Andra AP fonden purchased a new position in shares of Aura Minerals in the 2nd quarter valued at about $10,550,000. Finally, Sagil Capital LLP purchased a new position in shares of Aura Minerals in the 4th quarter valued at about $7,864,000.

Aura Minerals Trading Down 6.4%

NASDAQ AUGO opened at $82.32 on Thursday. 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 firm has a market cap of $6.90 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.26 and a beta of 0.48. The firm has a 50 day simple moving average of $83.58 and a 200-day simple moving average of $76.39. Aura Minerals has a one year low of $29.11 and a one year high of $110.32.

Aura Minerals (NASDAQ:AUGO – Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The firm had revenue of $335.97 million for the quarter. Equities research analysts anticipate that Aura Minerals will post 5.98 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued a dividend of $0.72 per share. This is a negative change from Aura Minerals’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, August 18th. This represents a $2.88 annualized dividend and a yield of 3.5%. Aura Minerals’s dividend payout ratio (DPR) is currently 81.36%.

About Aura Minerals

(Get Free Report)

Aura Minerals Inc is a mining company focused on the exploration, development and production of gold, copper and other associated minerals. The company operates a portfolio of mines and projects in the Americas and sells the metals produced from its operations to commercial customers.

Aura’s assets include the Aranzazu copper-gold-silver mine in Mexico, the San Andrés gold mine in Honduras, and gold operations in Brazil, including the Almas and Apoena complexes. The company also has development and exploration projects intended to support future production and extend the operating life of its portfolio.

Headquartered in the Americas and listed on the Nasdaq Capital Market under the symbol AUGO, Aura Minerals has built its business through the acquisition, development and operation of precious- and base-metal assets.

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