Aura Minerals (NASDAQ:AUGO) Shares Climb 13.2% – Here’s What Happened

Shares of Aura Minerals Inc. (NASDAQ:AUGO) shot up 13.2% on Wednesday. The company traded as high as $72.39 and last traded at $72.5870. Approximately 416,136 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 976,939 shares. The stock had previously closed at $64.11.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Scotiabank began coverage on shares of Aura Minerals in a report on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 target price on the stock. Bank of America decreased 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 report on Thursday, July 9th. Weiss Ratings upgraded shares of Aura Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Wall Street Zen upgraded shares of Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Santander lowered Aura Minerals from an “outperform” rating to a “neutral” rating in a research report on Monday, August 31st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.95.

Aura Minerals Stock Up 12.7%

The firm has a 50 day moving average price of $83.45 and a 200-day moving average price of $75.71. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.05 billion, a PE ratio of 20.29, a PEG ratio of 0.19 and a beta of 0.82.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. The business had revenue of $335.97 million during the quarter. Research analysts forecast that Aura Minerals Inc. will post 6.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mauad Sousa sold 166,000 shares of Aura Minerals stock in a transaction that occurred on Tuesday, September 22nd. The shares were 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 $94,366.65. The trade was a 99.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have purchased 263,011 shares of company stock valued at $22,662,070 and have sold 1,568,065 shares valued at $133,318,052.

Institutional Investors Weigh In On Aura Minerals

A number of large investors have recently modified their holdings of AUGO. Parallel Advisors LLC acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $38,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Aura Minerals in the 3rd quarter valued at $42,000. Triumph Capital Management grew its position in shares of Aura Minerals by 32.4% in the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock valued at $38,000 after buying an additional 146 shares during the last quarter. GAMMA Investing LLC raised its stake in Aura Minerals by 522.2% during the 3rd quarter. GAMMA Investing LLC now owns 616 shares of the company’s stock worth $48,000 after acquiring an additional 517 shares in the last quarter. Finally, AMG Asset Management Group Inc. acquired a new stake in Aura Minerals during the 3rd quarter worth $211,000.

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.