Aura Minerals (NASDAQ:AUGO) Releases Earnings Results

Aura Minerals (NASDAQ:AUGO) released its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Aura Minerals had a positive return on equity of 94.81% and a negative net margin of 8.61%.

Aura Minerals Stock Performance

Aura Minerals stock traded up $9.00 during midday trading on Wednesday, hitting $89.70. The company’s stock had a trading volume of 756,423 shares, compared to its average volume of 965,809. Aura Minerals has a 1-year low of $17.98 and a 1-year high of $110.32. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.97 and a quick ratio of 0.75. The company has a 50-day moving average price of $85.14 and a two-hundred day moving average price of $62.08. The company has a market cap of $7.52 billion and a price-to-earnings ratio of -85.43.

Aura Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.9%. 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 Aura Minerals stock in a transaction dated 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 owned 854,745 shares in the company, valued at $52,780,503.75. The trade was a 0.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Aura Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in Aura Minerals in the 4th quarter worth about $25,000. Hollencrest Capital Management grew its holdings in shares of Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after purchasing an additional 600 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Aura Minerals during the 4th quarter valued at approximately $34,000. Virtus Advisers LLC grew its holdings in shares of Aura Minerals by 46.4% during the 4th quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock valued at $133,000 after purchasing an additional 835 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Aura Minerals during the 3rd quarter valued at approximately $37,000.

Wall Street Analysts Forecast Growth

AUGO has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on Aura Minerals in a research note on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research cut shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, April 27th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.60.

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.