Aura Minerals (NASDAQ:AUGO) Stock Price Up 11.5% – Here’s Why

Aura Minerals Inc. (NASDAQ:AUGO) shares rose 11.5% during mid-day trading on Wednesday . The stock traded as high as $64.88 and last traded at $64.41. 212,532 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 977,151 shares. The stock had previously closed at $57.79.

Wall Street Analyst Weigh In

Several research firms recently commented on AUGO. Bank of America dropped their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Zacks Research cut Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.27.

Aura Minerals Stock Up 10.7%

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 has a market capitalization of $5.36 billion and a PE ratio of 59.12. The business has a 50-day moving average price of $60.86 and a 200-day moving average price of $72.56.

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

Insider Activity

In other Aura Minerals news, COO Luvizotto Glauber Rosa sold 19,010 shares of Aura Minerals stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $65.23, for a total transaction of $1,240,022.30. Following the transaction, the chief operating officer directly owned 390,628 shares of the company’s stock, valued at $25,480,664.44. The trade was a 4.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 business’s stock in a transaction dated 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 transaction, the chief financial officer owned 118,111 shares in the company, valued at $7,316,976.45. The trade was a 33.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 403,092 shares of company stock worth $30,450,738.

Hedge Funds Weigh In On Aura Minerals

Several large investors have recently modified their holdings of AUGO. Banque Cantonale Vaudoise acquired a new position in Aura Minerals in the third quarter valued at about $108,000. Legal & General Group Plc purchased a new position in Aura Minerals in the 3rd quarter valued at approximately $317,000. Van ECK Associates Corp acquired a new position in shares of Aura Minerals in the third quarter worth $1,476,000. BNP Paribas Financial Markets purchased a new stake in Aura Minerals during the 3rd quarter worth about $145,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Aura Minerals during the 3rd quarter worth approximately $3,947,000.

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.