Aura Minerals (NASDAQ:AUGO) Stock Price Down 10.7% – Here’s Why

Aura Minerals Inc. (NASDAQ:AUGO) fell 10.7% on Monday . The company traded as low as $54.67 and last traded at $54.2990. 556,556 shares were traded during trading, a decline of 45% from the average daily volume of 1,006,697 shares. The stock had previously closed at $60.81.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings lowered shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Bank of America reduced their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Aura Minerals presently has an average rating of “Moderate Buy” and a consensus price target of $83.93.

Aura Minerals Stock Performance

The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $69.04 and a 200 day moving average price of $72.32. The firm has a market capitalization of $4.48 billion and a PE ratio of 49.65.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.The firm had revenue of $382.61 million for the quarter. Research analysts expect that Aura Minerals Inc. will post 6.84 earnings per share for the current year.

Aura Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 5.8%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. Aura Minerals’s payout ratio is currently 288.89%.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, Director Mauad Bruno Sousa acquired 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of $64.95 per share, for a total transaction of $181,860.00. Following the completion of the acquisition, the director owned 437,765 shares of the company’s stock, valued at approximately $28,432,836.75. This trade represents a 0.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the sale, the chief financial officer directly owned 118,111 shares in the company, valued at approximately $7,316,976.45. The trade was a 33.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 403,092 shares of company stock valued at $30,450,738 over the last three months.

Hedge Funds Weigh In On Aura Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AUGO. Triumph Capital Management acquired a new position in shares of Aura Minerals in the fourth quarter worth $25,000. Hollencrest Capital Management raised its stake in shares of Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after acquiring an additional 600 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Aura Minerals in the fourth quarter valued at $34,000. Virtus Advisers LLC boosted its holdings in Aura Minerals by 46.4% in the fourth 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 period. Finally, Quarry LP acquired a new position in Aura Minerals during the 3rd quarter worth $37,000.

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.