Aura Minerals Inc. (NASDAQ:AUGO – Get Free Report)’s share price traded up 7.9% during trading on Friday . The stock traded as high as $60.88 and last traded at $61.0260. 451,832 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 960,334 shares. The stock had previously closed at $56.58.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Weiss Ratings cut Aura Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. JPMorgan Chase & Co. assumed coverage on Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price target for the company. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research cut Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Aura Minerals has an average rating of “Hold” and a consensus price target of $67.60.
View Our Latest Analysis on AUGO
Aura Minerals Stock Performance
Aura Minerals (NASDAQ:AUGO – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The company reported $999.00 earnings per share for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. On average, research analysts expect that Aura Minerals Inc. will post 10.08 earnings per share for the current fiscal year.
Aura Minerals Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were given a dividend of $0.78 per share. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 5.1%. Aura Minerals’s dividend payout ratio is currently 288.89%.
Insider Buying and Selling
In other Aura Minerals news, Director Mauad Bruno Sousa purchased 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average cost of $64.95 per share, for a total transaction of $181,860.00. Following the transaction, the director directly owned 437,765 shares in the company, valued at approximately $28,432,836.75. The trade was a 0.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $82.63, for a total value of $4,544,650.00. Following the sale, the chief executive officer owned 739,745 shares in the company, valued at approximately $61,125,129.35. This trade represents a 6.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 310,392 shares of company stock worth $24,588,386.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in Aura Minerals during the 4th quarter worth $25,000. Global Retirement Partners LLC acquired a new position in shares of Aura Minerals in the 4th quarter valued at $34,000. Hollencrest Capital Management lifted its stake in shares of Aura Minerals by 307.7% in the 4th 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. Quarry LP acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $37,000. Finally, Shell Asset Management Co. acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $43,000.
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.
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