Brokerages Set Aura Minerals Inc. (NASDAQ:AUGO) Target Price at $79.27

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $79.2667.

AUGO has been the subject of several recent analyst reports. Weiss Ratings raised shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Bank of America dropped their target price on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Zacks Research cut shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. reduced their price target on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Finally, Wall Street Zen lowered shares of Aura Minerals from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th.

Insider Transactions at Aura Minerals

In related news, CFO Santos Cardoso Joao Kleber Dos sold 7,934 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $80.12, for a total transaction of $635,672.08. Following the completion of the sale, the chief financial officer directly owned 98,111 shares in the company, valued at approximately $7,860,653.32. The trade was a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Luvizotto Glauber Rosa sold 64,713 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $80.20, for a total value of $5,189,982.60. Following the completion of the transaction, the chief operating officer owned 224,515 shares in the company, valued at $18,006,103. The trade was a 22.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,053,821 shares of company stock valued at $84,362,770 over the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Triumph Capital Management acquired a new position in shares of Aura Minerals during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new position in Aura Minerals during the fourth quarter worth approximately $34,000. Hollencrest Capital Management lifted its position in Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares in the last quarter. Quarry LP acquired a new position in Aura Minerals during the third quarter worth $37,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Aura Minerals in the 4th quarter valued at $118,000.

Aura Minerals Stock Performance

Shares of AUGO stock opened at $90.47 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. Aura Minerals has a 12-month low of $27.77 and a 12-month high of $110.32. The business’s 50 day moving average is $64.84 and its two-hundred day moving average is $73.90. The company has a market capitalization of $7.58 billion and a P/E ratio of 25.56.

Aura Minerals (NASDAQ:AUGO) last posted 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. Analysts expect that Aura Minerals will post 5.5 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, August 18th. Aura Minerals’s dividend payout ratio (DPR) is 81.36%.

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.