Aura Minerals (NASDAQ:AUGO) Shares Gap Down – Time to Sell?

Shares of Aura Minerals Inc. (NASDAQ:AUGO) gapped down prior to trading on Thursday . The stock had previously closed at $87.39, but opened at $81.00. Aura Minerals shares last traded at $85.1340, with a volume of 225,764 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Zacks Research raised shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. started coverage on Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research note on Friday, March 27th. Finally, The Goldman Sachs Group raised their price objective on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Aura Minerals has an average rating of “Buy” and an average price target of $67.60.

Aura Minerals Price Performance

The stock has a market cap of $7.32 billion and a PE ratio of -83.55. The firm’s 50-day moving average price is $73.99 and its two-hundred day moving average price is $52.82. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. The business had revenue of $321.66 million during the quarter. Aura Minerals had a positive return on equity of 94.81% and a negative net margin of 8.61%.

Aura Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, March 11th. Aura Minerals’s payout ratio is presently -251.43%.

Insider Buying and Selling at Aura Minerals

In related news, CEO Rodrigo Cardoso Barbosa sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $61.75, for a total transaction of $308,750.00. Following the sale, the chief executive officer owned 854,745 shares of the company’s stock, valued at $52,780,503.75. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On Aura Minerals

A number of large investors have recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Aura Minerals during the third quarter valued at about $60,284,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Aura Minerals in the 3rd quarter worth approximately $29,988,000. JPMorgan Chase & Co. purchased a new position in shares of Aura Minerals in the 3rd quarter worth approximately $27,097,000. Bank of America Corp DE bought a new position in shares of Aura Minerals during the 3rd quarter worth approximately $17,623,000. Finally, Marshall Wace LLP bought a new position in shares of Aura Minerals during the 3rd quarter worth approximately $17,483,000.

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.