Aura Minerals Inc. (NASDAQ:AUGO) Receives $67.60 Average Target Price from Brokerages

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have received an average rating of “Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $67.60.

AUGO has been the subject of several research analyst reports. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. The Goldman Sachs Group boosted their target price on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. started coverage on Aura Minerals in a research note on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 target price for the company.

Aura Minerals Price Performance

Shares of NASDAQ:AUGO opened at $66.42 on Friday. The company’s fifty day moving average price is $72.43 and its 200-day moving average price is $51.17. The firm has a market capitalization of $5.55 billion and a price-to-earnings ratio of -63.26. Aura Minerals has a one year low of $15.00 and a one year high of $90.19. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.97 and a quick ratio of 0.75.

Aura Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $2.64 annualized dividend and a dividend yield of 4.0%. Aura Minerals’s dividend payout ratio (DPR) is currently -251.43%.

Insiders Place Their Bets

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 5,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $61.75, for a total value of $308,750.00. Following the completion of the sale, the chief executive officer directly owned 854,745 shares of the company’s stock, valued at $52,780,503.75. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Capital World Investors bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $60,284,000. SPX Gestao de Recursos Ltda increased its stake in Aura Minerals by 8.8% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock worth $44,225,000 after purchasing an additional 71,289 shares during the period. JPMorgan Chase & Co. purchased a new position in Aura Minerals in the 3rd quarter worth approximately $27,097,000. Marshall Wace LLP lifted its position in Aura Minerals by 32.7% in the fourth quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock valued at $31,439,000 after purchasing an additional 153,828 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in Aura Minerals by 9.3% in the fourth quarter. William Blair Investment Management LLC now owns 496,303 shares of the company’s stock valued at $25,021,000 after purchasing an additional 42,091 shares during the last quarter.

About Aura Minerals

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.