Aura Minerals Inc. (NASDAQ:AUGO) Stock Has Consensus Target Price of $86.95

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $86.95.

Several brokerages recently weighed in on AUGO. Zacks Research upgraded shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Santander cut shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. decreased their target price on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Wall Street Zen lowered shares of Aura Minerals from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Bank of America cut their price target on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 9th.

Insiders Place Their Bets

In other Aura Minerals news, Director Mauad Sousa sold 166,000 shares of Aura Minerals stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $90.65, for a total transaction of $15,047,900.00. Following the sale, the director owned 1,041 shares of the company’s stock, valued at $94,366.65. The trade was a 99.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders acquired 263,011 shares of company stock worth $22,662,070 and sold 1,568,065 shares worth $133,318,052.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Triumph Capital Management increased its stake in Aura Minerals by 32.4% during the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock valued at $38,000 after buying an additional 146 shares during the period. GAMMA Investing LLC lifted its stake in shares of Aura Minerals by 522.2% in the 3rd quarter. GAMMA Investing LLC now owns 616 shares of the company’s stock worth $48,000 after acquiring an additional 517 shares during the period. Entropy Technologies LP lifted its stake in shares of Aura Minerals by 15.5% in the 1st quarter. Entropy Technologies LP now owns 8,200 shares of the company’s stock worth $669,000 after acquiring an additional 1,100 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Aura Minerals in the fourth quarter valued at approximately $134,000. Finally, Rathbones Group PLC bought a new position in shares of Aura Minerals in the first quarter valued at approximately $245,000.

Aura Minerals Stock Up 0.6%

Shares of Aura Minerals stock opened at $91.80 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. The business’s 50 day simple moving average is $82.64 and its 200-day simple moving average is $76.16. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 25.93 and a beta of 0.48. Aura Minerals has a twelve month low of $29.11 and a twelve month high of $110.32.

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. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. The business had revenue of $335.97 million for the quarter. Equities research analysts forecast that Aura Minerals will post 5.91 earnings per share for the current year.

Aura Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were given a $0.72 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $2.88 annualized dividend and a yield of 3.1%. This is a decrease from Aura Minerals’s previous quarterly dividend of $0.78. Aura Minerals’s payout ratio is 81.36%.

About Aura Minerals

Aura Minerals Inc is a mining company focused on the exploration, development and production of gold, copper and other associated minerals. The company operates a portfolio of mines and projects in the Americas and sells the metals produced from its operations to commercial customers.

Aura’s assets include the Aranzazu copper-gold-silver mine in Mexico, the San Andrés gold mine in Honduras, and gold operations in Brazil, including the Almas and Apoena complexes. The company also has development and exploration projects intended to support future production and extend the operating life of its portfolio.

Headquartered in the Americas and listed on the Nasdaq Capital Market under the symbol AUGO, Aura Minerals has built its business through the acquisition, development and operation of precious- and base-metal assets.