Aura Minerals (NASDAQ:AUGO) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Aura Minerals Inc. (NASDAQ:AUGO) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $82.55 and traded as high as $87.07. Aura Minerals shares last traded at $86.99, with a volume of 997,749 shares trading hands.

Wall Street Analysts Forecast Growth

AUGO has been the subject of a number of analyst reports. Zacks Research upgraded Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. JPMorgan Chase & Co. lowered their price target on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Scotiabank began coverage on Aura Minerals in a research note on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 price objective on the stock. Santander downgraded Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. Finally, Weiss Ratings raised shares of Aura Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.95.

Aura Minerals Stock Performance

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 stock’s fifty day moving average price is $82.55 and its 200-day moving average price is $75.99. The company has a market capitalization of $7.29 billion, a P/E ratio of 17.19, a PEG ratio of 0.21 and a beta of 0.82.

Aura Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, November 18th. Aura Minerals’s payout ratio is 56.92%.

Insider Buying and Selling

In other Aura Minerals news, COO Glauber Luvizotto sold 64,713 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $80.20, for a total value of $5,189,982.60. Following the sale, the chief operating officer owned 224,515 shares in the company, valued at $18,006,103. This represents a 22.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Sousa sold 280,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $81.67, for a total value of $22,867,600.00. Following the completion of the sale, the director directly owned 168,765 shares of the company’s stock, valued at approximately $13,783,037.55. The trade was a 62.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 263,011 shares of company stock worth $22,662,070 and have sold 1,458,065 shares worth $125,361,752.

Institutional Investors Weigh In On Aura Minerals

A number of large investors have recently added to or reduced their stakes in AUGO. Triumph Capital Management lifted its holdings in Aura Minerals by 32.4% during the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Aura Minerals during the 3rd quarter worth about $38,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Aura Minerals during the third quarter worth approximately $42,000. GAMMA Investing LLC boosted its holdings in shares of Aura Minerals by 522.2% during the third quarter. GAMMA Investing LLC now owns 616 shares of the company’s stock worth $48,000 after acquiring an additional 517 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Aura Minerals in the third quarter valued at approximately $141,000.

Aura Minerals Company Profile