Aura Minerals (NASDAQ:AUGO) Releases Quarterly Earnings Results

Aura Minerals (NASDAQ:AUGO) posted its quarterly earnings data on Wednesday. The company reported $2.57 earnings per share (EPS) for the quarter, FiscalAI reports. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. The business had revenue of $335.97 million for the quarter.

Aura Minerals Stock Up 13.8%

Shares of AUGO traded up $7.97 during trading on Wednesday, reaching $65.76. The company’s stock had a trading volume of 2,209,798 shares, compared to its average volume of 991,320. The company has a fifty day moving average of $60.86 and a two-hundred day moving average of $72.56. Aura Minerals has a twelve month low of $24.67 and a twelve month high of $110.32. The company has a market cap of $5.51 billion and a price-to-earnings ratio of 60.89. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03.

Insider Activity at Aura Minerals

In related news, COO Luvizotto Glauber Rosa sold 19,010 shares of Aura Minerals stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $65.23, for a total value of $1,240,022.30. Following the completion of the sale, the chief operating officer owned 390,628 shares in the company, valued at approximately $25,480,664.44. The trade was a 4.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the completion of the sale, the chief financial officer directly owned 118,111 shares in the company, valued at $7,316,976.45. This represents 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 sold a total of 403,092 shares of company stock worth $30,450,738 over the last three months.

Hedge Funds Weigh In On Aura Minerals

Several large investors have recently modified their holdings of the stock. Triumph Capital Management bought a new stake in Aura Minerals in the fourth quarter valued at about $25,000. Global Retirement Partners LLC bought a new position in Aura Minerals during the 4th quarter worth approximately $34,000. Hollencrest Capital Management lifted its holdings in Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares during the last quarter. Quarry LP acquired a new position in shares of Aura Minerals in the 3rd quarter worth approximately $37,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Aura Minerals in the 4th quarter worth approximately $118,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AUGO shares. Zacks Research lowered shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. reduced 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 note on Thursday, July 16th. Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Bank of America lowered their price objective on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Aura Minerals presently has an average rating of “Hold” and a consensus price target of $79.27.

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.