Aura Minerals Inc. (NASDAQ:AUGO) Receives Consensus Recommendation of “Hold” from Analysts

by · The Markets Daily

Shares of Aura Minerals Inc. (NASDAQ:AUGO – Get Free Report) have received a consensus recommendation of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $67.60.

A number of research analysts have recently weighed in on the company. Weiss Ratings cut Aura Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. assumed coverage on Aura Minerals in a research report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price objective for the company.

Read Our Latest Research Report on Aura Minerals

Aura Minerals Trading Up 6.2%

Shares of AUGO stock opened at $56.58 on Friday. Aura Minerals has a fifty-two week low of $22.24 and a fifty-two week high of $110.32. The stock has a market cap of $4.74 billion and a P/E ratio of 52.39. The business has a fifty day simple moving average of $82.45 and a 200-day simple moving average of $69.36. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03.

Aura Minerals (NASDAQ:AUGO – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $999.00 earnings per share for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. On average, analysts forecast that Aura Minerals will post 10.08 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were given a dividend of $0.78 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 5.5%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s dividend payout ratio (DPR) is 288.89%.

Insider Transactions at Aura Minerals

In related news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of Aura Minerals stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $82.63, for a total transaction of $4,544,650.00. Following the completion of the sale, the chief executive officer owned 739,745 shares in the company, valued at approximately $61,125,129.35. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mauad Bruno Sousa acquired 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $64.95 per share, with a total value of $181,860.00. Following the transaction, the director owned 437,765 shares in the company, valued at $28,432,836.75. This represents a 0.64% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 310,392 shares of company stock valued at $24,588,386.

Institutional Trading of Aura Minerals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new stake in Aura Minerals in the 4th quarter valued at about $25,000. Global Retirement Partners LLC purchased a new stake in Aura Minerals in the 4th quarter valued at about $34,000. Quarry LP purchased a new stake in Aura Minerals in the 3rd quarter valued at about $37,000. Hollencrest Capital Management grew its holdings in Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after buying an additional 600 shares during the period. Finally, Shell Asset Management Co. purchased a new stake in Aura Minerals in the 3rd quarter valued at about $43,000.

About Aura Minerals

(Get Free Report)

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.

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