Aura Minerals Inc. (AUGO) – What Are Brokerages Thinking About This Stock?

Aura Minerals Inc. (NASDAQ:AUGO) has earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $86.95.

AUGO has been the subject of a number of recent research reports. Weiss Ratings upgraded Aura Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. cut their target price on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Santander lowered Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. Scotiabank began coverage on Aura Minerals in a report on Thursday, September 17th. They issued a “sector outperform” rating and a $110.00 price target for the company. Finally, Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th.

Insider Buying and Selling at Aura Minerals

In related news, Director Mauad Sousa sold 166,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 1,041 shares in the company, valued at $94,366.65. The trade was a 99.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders bought 263,011 shares of company stock valued at $22,662,070 and sold 1,508,065 shares valued at $129,112,752.

Institutional Trading of Aura Minerals

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of Aura Minerals by 42.5% in the first 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 during the last quarter. Jennison Associates LLC purchased a new position in Aura Minerals during the first quarter valued at $50,378,000. Robeco Schweiz AG increased its holdings in shares of Aura Minerals by 16.3% in the 3rd quarter. Robeco Schweiz AG now owns 473,190 shares of the company’s stock worth $37,231,000 after buying an additional 66,190 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Aura Minerals by 125.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company’s stock worth $26,241,000 after acquiring an additional 178,730 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in Aura Minerals in the 2nd quarter valued at $10,550,000.

Aura Minerals Trading Up 9.2%

Shares of AUGO opened at $77.82 on Monday. Aura Minerals has a 1-year low of $33.16 and a 1-year high of $110.32. The firm has a 50 day simple moving average of $82.50 and a 200-day simple moving average of $75.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 0.19 and a beta of 0.82.

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

Aura Minerals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Wednesday, November 18th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, November 18th. Aura Minerals’s dividend payout ratio (DPR) is 81.36%.

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.