Aura Minerals (NASDAQ:AUGO) Trading Up 8.4% – Still a Buy?

Aura Minerals Inc. (NASDAQ:AUGO) was up 8.4% on Tuesday . The stock traded as high as $57.65 and last traded at $58.0170. 93,017 shares changed hands during trading, a decline of 91% from the average session volume of 1,006,066 shares. The stock had previously closed at $53.51.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America reduced their target price on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research upgraded Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $83.93.

Aura Minerals Trading Up 6.0%

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98. The company has a market capitalization of $4.75 billion and a price-to-earnings ratio of 52.61. The business’s 50-day simple moving average is $68.41 and its 200-day simple moving average is $72.33.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. The company had revenue of $382.61 million during the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. On average, research analysts expect that Aura Minerals Inc. will post 6.84 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. This represents a $3.12 dividend on an annualized basis and a yield of 5.5%. Aura Minerals’s payout ratio is 288.89%.

Insider Buying and Selling at Aura Minerals

In other news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the transaction, the chief financial officer directly owned 118,111 shares in the company, valued at $7,316,976.45. This trade represents a 33.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Bruno Sousa acquired 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average cost of $64.95 per share, with a total value of $181,860.00. Following the completion of the purchase, the director owned 437,765 shares of the company’s stock, valued at $28,432,836.75. This trade represents a 0.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 403,092 shares of company stock worth $30,450,738 over the last quarter.

Hedge Funds Weigh In On Aura Minerals

Several hedge funds have recently added to or reduced their stakes in AUGO. JPMorgan Chase & Co. bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $27,097,000. Diversified Trust Co. raised its position in shares of Aura Minerals by 194.8% in the 4th quarter. Diversified Trust Co. now owns 17,100 shares of the company’s stock valued at $862,000 after acquiring an additional 11,300 shares during the period. Robeco Schweiz AG bought a new position in Aura Minerals during the 4th quarter worth approximately $13,108,000. Sagil Capital LLP bought a new position in Aura Minerals during the 4th quarter worth approximately $7,864,000. Finally, Oliver Luxxe Assets LLC acquired a new position in Aura Minerals during the fourth quarter valued at approximately $2,376,000.

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.