Aura Minerals (NASDAQ:AUGO) Releases Earnings Results

Aura Minerals (NASDAQ:AUGO) issued its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%.

Aura Minerals Stock Up 4.9%

Shares of AUGO traded up $3.49 on Wednesday, hitting $74.95. The company’s stock had a trading volume of 419,558 shares, compared to its average volume of 949,777. 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’s fifty day moving average price is $84.36 and its 200-day moving average price is $65.34. Aura Minerals has a fifty-two week low of $20.08 and a fifty-two week high of $110.32. The firm has a market capitalization of $6.28 billion and a price-to-earnings ratio of 69.40.

Aura Minerals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, May 19th. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s dividend payout ratio is presently 288.89%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AUGO shares. 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 upgraded Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. began coverage on Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $67.60.

Insider Buying and Selling

In related news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $82.63, for a total value of $4,544,650.00. Following the completion of the transaction, the chief executive officer owned 739,745 shares in the company, valued at $61,125,129.35. This trade represents a 6.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mauad Bruno Sousa sold 38,384 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $83.95, for a total value of $3,222,336.80. Following the sale, the director directly owned 576,973 shares of the company’s stock, valued at $48,436,883.35. This represents a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 168,384 shares of company stock worth $13,619,737.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management bought a new position in Aura Minerals in the 4th quarter worth about $25,000. Global Retirement Partners LLC bought a new stake in Aura Minerals in the 4th quarter worth $34,000. Hollencrest Capital Management increased its position 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 during the period. Quarry LP purchased a new position in shares of Aura Minerals in the third quarter valued at about $37,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Aura Minerals during the fourth quarter worth about $118,000.

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.