Aura Minerals (NASDAQ:AUGO) Announces Quarterly Earnings Results

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

Aura Minerals Trading Up 11.2%

Shares of NASDAQ:AUGO traded up $9.00 during trading on Wednesday, hitting $89.70. 756,423 shares of the company’s stock were exchanged, compared to its average volume of 795,470. Aura Minerals has a 1-year low of $17.98 and a 1-year high of $110.32. The firm has a 50-day moving average price of $85.35 and a two-hundred day moving average price of $62.43. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The firm has a market cap of $7.52 billion and a P/E ratio of -85.43.

Aura Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 annualized dividend and a dividend yield of 2.9%. Aura Minerals’s payout ratio is currently -251.43%.

Insider Transactions at Aura Minerals

In related news, CEO Rodrigo Cardoso Barbosa sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $65.82, for a total transaction of $658,200.00. Following the completion of the transaction, the chief executive officer owned 859,745 shares in the company, valued at approximately $56,588,415.90. The trade was a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Gotham Asset Management LLC acquired a new position in Aura Minerals during the fourth quarter valued at approximately $837,000. LPL Financial LLC lifted its position in shares of Aura Minerals by 8.1% in the fourth quarter. LPL Financial LLC now owns 16,329 shares of the company’s stock worth $823,000 after purchasing an additional 1,229 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Aura Minerals in the fourth quarter worth $688,000. Citadel Advisors LLC bought a new stake in shares of Aura Minerals in the third quarter worth $657,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Aura Minerals in the third quarter worth $610,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a report on Friday, March 27th. Zacks Research downgraded shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Aura Minerals in a report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Aura Minerals has an average rating of “Hold” and a consensus target price of $67.60.

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.