Aura Minerals (NASDAQ:AUGO) Shares Cross Above 50 Day Moving Average – What’s Next?

Aura Minerals Inc. (NASDAQ:AUGO)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $82.55 and traded as high as $87.07. Aura Minerals shares last traded at $86.99, with a volume of 997,749 shares trading hands.

Analyst Upgrades and Downgrades

AUGO has been the subject of several research reports. Scotiabank initiated coverage on shares of Aura Minerals in a research report on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 price objective for the company. Santander downgraded shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. decreased their target price on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Aura Minerals presently has an average rating of “Moderate Buy” and a consensus price target of $86.95.

Aura Minerals Trading Up 0.1%

The stock has a market cap of $6.82 billion, a P/E ratio of 16.09, a P/E/G ratio of 0.23 and a beta of 0.82. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $82.55 and a two-hundred day moving average price of $76.12.

Aura Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Wednesday, November 18th will be given a $0.72 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $2.88 dividend on an annualized basis and a yield of 3.5%. Aura Minerals’s dividend payout ratio (DPR) is currently 56.92%.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, COO Glauber Luvizotto sold 64,713 shares of Aura Minerals stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $80.20, for a total transaction of $5,189,982.60. Following the completion of the transaction, the chief operating officer directly owned 224,515 shares of the company’s stock, valued at $18,006,103. The trade was a 22.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Sousa sold 280,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $81.67, for a total transaction of $22,867,600.00. Following the transaction, the director owned 168,765 shares in the company, valued at $13,783,037.55. This trade represents a 62.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have acquired 263,011 shares of company stock valued at $22,662,070 and have sold 1,458,065 shares valued at $125,361,752.

Hedge Funds Weigh In On Aura Minerals

Large investors have recently made changes to their positions in the company. Triumph Capital Management grew its holdings in Aura Minerals by 32.4% during the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. Parallel Advisors LLC bought a new stake in Aura Minerals in the third quarter worth about $38,000. GAMMA Investing LLC lifted its stake in Aura Minerals by 522.2% in the third quarter. GAMMA Investing LLC now owns 616 shares of the company’s stock worth $48,000 after purchasing an additional 517 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in Aura Minerals in the third quarter worth about $42,000. Finally, Commonwealth Equity Services LLC lifted its stake in Aura Minerals by 31.3% in the third quarter. Commonwealth Equity Services LLC now owns 4,571 shares of the company’s stock worth $360,000 after purchasing an additional 1,090 shares during the last quarter.

About Aura Minerals

Aura Minerals is a mining company focused on exploring, developing and operating gold and copper properties in the Americas. Its operations also produce silver as a byproduct at some sites. The company’s portfolio includes mines and projects in Brazil, Mexico and Honduras. Its activities span the mining lifecycle, from resource exploration and project development to the production and sale of metals. Aura Minerals is led by Chief Executive Officer Rodrigo Barbosa. The company has expanded its portfolio over time through mine development and acquisitions.