Aura Minerals Inc. (NASDAQ:AUGO) Receives $67.60 Average Price Target from Analysts

Aura Minerals Inc. (NASDAQ:AUGO) has been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $67.60.

Several research analysts recently commented on AUGO shares. Zacks Research raised Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd.

Insider Activity

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $82.63, for a total value of $4,544,650.00. Following the completion of the sale, the chief executive officer owned 739,745 shares in the company, valued at $61,125,129.35. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of Aura Minerals stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the completion of the transaction, the chief financial officer directly owned 118,111 shares of the company’s stock, valued at approximately $7,316,976.45. This trade represents a 33.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 403,092 shares of company stock valued at $30,450,738.

Hedge Funds Weigh In On Aura Minerals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. bought a new stake in Aura Minerals in the third quarter valued at approximately $1,997,000. Quantbot Technologies LP acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $782,000. William Blair Investment Management LLC acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $16,901,000. Geo Capital Gestora de Recursos Ltd bought a new stake in Aura Minerals in the 3rd quarter valued at $2,802,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in Aura Minerals in the 3rd quarter valued at $29,988,000.

Aura Minerals Stock Down 4.8%

Shares of Aura Minerals stock traded down $3.27 during trading hours on Tuesday, reaching $64.45. 435,258 shares of the company’s stock were exchanged, compared to its average volume of 1,002,415. The company has a 50 day moving average of $70.96 and a two-hundred day moving average of $71.98. Aura Minerals has a fifty-two week low of $22.24 and a fifty-two week high of $110.32. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The stock has a market cap of $5.40 billion and a P/E ratio of 59.68.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.The company had revenue of $382.61 million during the quarter. On average, sell-side analysts forecast that Aura Minerals will post 7.78 EPS for the current fiscal year.

Aura Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 4.8%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Tuesday, May 19th. Aura Minerals’s payout ratio is currently 288.89%.

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.