Aura Minerals (NASDAQ:AUGO) Trading 8.4% Higher – Should You Buy?

Shares of Aura Minerals Inc. (NASDAQ:AUGO) shot up 8.4% during trading on Tuesday . The company traded as high as $57.65 and last traded at $58.0170. 93,017 shares were traded during trading, a decline of 91% from the average session volume of 1,006,066 shares. The stock had previously closed at $53.51.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AUGO shares. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings lowered Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Bank of America cut their target price on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Aura Minerals has an average rating of “Moderate Buy” and an average price target of $83.93.

Aura Minerals Trading Down 3.8%

The stock’s fifty day moving average price is $67.24 and its 200 day moving average price is $72.39. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75. The stock has a market capitalization of $4.60 billion and a P/E ratio of 50.84.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. The company had revenue of $382.61 million for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. Research analysts forecast that Aura Minerals Inc. will post 6.57 earnings per share for the current year.

Aura Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.7%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Tuesday, May 19th. Aura Minerals’s dividend payout ratio is 288.89%.

Insider Activity at Aura Minerals

In other Aura Minerals news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the transaction, the chief financial officer directly owned 118,111 shares in the company, valued at $7,316,976.45. This trade represents a 33.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Bruno Sousa bought 2,800 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $64.95 per share, with a total value of $181,860.00. Following the completion of 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 403,092 shares of company stock worth $30,450,738.

Hedge Funds Weigh In On Aura Minerals

Several institutional investors have recently made changes to their positions in AUGO. Bank of America Corp DE raised its holdings in shares of Aura Minerals by 42.5% in the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock valued at $79,740,000 after purchasing an additional 291,623 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its stake in shares of Aura Minerals by 8.8% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock valued at $44,225,000 after purchasing an additional 71,289 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Aura Minerals during the third quarter valued at approximately $27,097,000. Marshall Wace LLP increased its holdings in Aura Minerals by 32.7% during the fourth quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock valued at $31,439,000 after buying an additional 153,828 shares during the period. Finally, Jennison Associates LLC bought a new position in Aura Minerals in the first quarter worth approximately $50,378,000.

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.