Analysts Set Aura Minerals Inc. (NASDAQ:AUGO) Target Price at $79.27

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have earned an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $79.2667.

AUGO has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Zacks Research lowered Aura Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings lowered Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. JPMorgan Chase & Co. reduced their price objective on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Finally, Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd.

Insiders Place Their Bets

In other news, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $81.43, for a total value of $4,885,800.00. Following the completion of the transaction, the chief executive officer directly owned 794,745 shares of the company’s stock, valued at $64,716,085.35. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mauad Bruno Sousa sold 100,000 shares of Aura Minerals stock in a transaction on Friday, May 29th. The shares were sold at an average price of $77.48, for a total value of $7,748,000.00. Following the sale, the director directly owned 434,965 shares of the company’s stock, valued at $33,701,088.20. This represents a 18.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 403,092 shares of company stock worth $30,450,738 over the last 90 days.

Hedge Funds Weigh In On Aura Minerals

A number of large investors have recently bought and sold shares of AUGO. Triumph Capital Management bought a new position in Aura Minerals during the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new stake in shares of Aura Minerals during the 4th quarter valued at $34,000. Quarry LP purchased a new stake in Aura Minerals in the third quarter worth about $37,000. Hollencrest Capital Management raised its stake in Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after buying an additional 600 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Aura Minerals in the 3rd quarter worth about $108,000.

Aura Minerals Stock Performance

Shares of Aura Minerals stock opened at $54.57 on Friday. The company’s 50 day moving average price is $61.53 and its two-hundred day moving average price is $72.46. The firm has a market capitalization of $4.57 billion and a P/E ratio of 50.53. Aura Minerals has a fifty-two week low of $22.24 and a fifty-two week high of $110.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. The firm had revenue of $382.61 million for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. On average, equities analysts forecast that Aura Minerals will post 5.55 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The business also recently disclosed 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 is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 annualized dividend and a yield of 5.7%. Aura Minerals’s dividend payout ratio (DPR) is 288.89%.

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.