Aura Minerals (NASDAQ:AUGO) Stock Price Down 7.4% – Should You Sell?

Aura Minerals Inc. (NASDAQ:AUGO)’s stock price was down 7.4% on Wednesday . The company traded as low as $85.86 and last traded at $85.9150. Approximately 381,112 shares were traded during trading, a decline of 62% from the average daily volume of 995,847 shares. The stock had previously closed at $92.77.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Aura Minerals from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Zacks Research upgraded shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Weiss Ratings raised shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Santander lowered Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.95.

Aura Minerals Trading Down 6.7%

The stock has a market cap of $7.25 billion, a P/E ratio of 24.42 and a beta of 0.28. The firm’s fifty day moving average price is $74.48 and its two-hundred day moving average price is $75.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. The company had revenue of $335.97 million during the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. As a group, equities research analysts forecast that Aura Minerals Inc. will post 5.45 EPS for the current year.

Aura Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, August 18th. Aura Minerals’s dividend payout ratio is 81.36%.

Insiders Place Their Bets

In other Aura Minerals news, Director Mauad Sousa sold 73,925 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $92.40, for a total value of $6,830,670.00. Following the completion of the transaction, the director owned 12,109 shares of the company’s stock, valued at $1,118,871.60. The trade was a 85.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have purchased 263,011 shares of company stock valued at $22,662,070 and have sold 1,503,442 shares valued at $124,687,068.

Institutional Investors Weigh In On Aura Minerals

Large investors have recently added to or reduced their stakes in the company. Triumph Capital Management lifted its stake in shares of Aura Minerals by 32.4% in the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock valued at $38,000 after acquiring an additional 146 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Aura Minerals in the fourth quarter valued at $134,000. Rathbones Group PLC purchased a new position in shares of Aura Minerals during the first quarter valued at about $245,000. Harbour Investments Inc. bought a new position in shares of Aura Minerals in the 4th quarter worth approximately $183,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in Aura Minerals during the first quarter valued at $306,000.

Aura Minerals Company Profile

Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.

Aura’s operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.