Aura Minerals (NASDAQ:AUGO) Trading Down 4.5% – Here’s Why

Aura Minerals Inc. (NASDAQ:AUGO) shares traded down 4.5% during mid-day trading on Tuesday . The stock traded as low as $100.24 and last traded at $100.4810. 131,788 shares were traded during mid-day trading, a decline of 87% from the average session volume of 995,278 shares. The stock had previously closed at $105.19.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research report on Friday, March 27th. Wall Street Zen cut shares of Aura Minerals from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research raised shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Aura Minerals in a research report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Aura Minerals currently has a consensus rating of “Buy” and an average target price of $67.60.

Aura Minerals Price Performance

The company’s fifty day moving average is $82.16 and its 200 day moving average is $58.88. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.17. The stock has a market cap of $8.14 billion and a PE ratio of -93.24.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings results on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. Aura Minerals had a negative net margin of 8.61% and a positive return on equity of 94.81%. The business had revenue of $321.66 million during the quarter. As a group, sell-side analysts anticipate that Aura Minerals Inc. will post 11.86 earnings per share for the current fiscal year.

Aura Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th were issued a $0.66 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 annualized dividend and a yield of 2.7%. Aura Minerals’s dividend payout ratio (DPR) is presently -251.43%.

Insider Buying and Selling

In related news, CEO Rodrigo Cardoso Barbosa sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $65.82, for a total value of $658,200.00. Following the transaction, the chief executive officer owned 859,745 shares in the company, valued at approximately $56,588,415.90. This trade represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Triumph Capital Management purchased a new position in Aura Minerals in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management raised its stake in shares of Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after purchasing an additional 600 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Aura Minerals during the fourth quarter valued at approximately $34,000. Virtus Advisers LLC raised its stake in shares of Aura Minerals by 46.4% during the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock valued at $133,000 after purchasing an additional 835 shares during the period. Finally, Quarry LP purchased a new stake in shares of Aura Minerals during the third quarter valued at approximately $37,000.

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.