Aura Minerals (NASDAQ:AUGO – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $104.50 to $91.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.
A number of other research firms also recently issued reports on AUGO. Zacks Research upgraded shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Bank of America lowered their price target on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Aura Minerals presently has an average rating of “Moderate Buy” and an average target price of $79.27.
View Our Latest Analysis on Aura Minerals
Aura Minerals Stock Down 0.1%
Aura Minerals (NASDAQ:AUGO – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. The firm had revenue of $382.61 million for the quarter. Equities research analysts anticipate that Aura Minerals will post 6.57 EPS for the current fiscal year.
Aura Minerals Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.78 per share. The ex-dividend date was Tuesday, May 19th. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. This represents a $3.12 dividend on an annualized basis and a yield of 6.2%. Aura Minerals’s dividend payout ratio (DPR) is presently 288.89%.
Insider Buying and Selling at Aura Minerals
In other news, COO Luvizotto Glauber Rosa sold 22,367 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $65.27, for a total value of $1,459,894.09. Following the sale, the chief operating officer directly owned 411,938 shares in the company, valued at $26,887,193.26. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Aura Minerals stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the transaction, the chief financial officer owned 118,111 shares of the company’s stock, valued at $7,316,976.45. This represents a 33.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 403,092 shares of company stock worth $30,450,738.
Hedge Funds Weigh In On Aura Minerals
Several hedge funds have recently bought and sold shares of AUGO. Triumph Capital Management purchased a new stake in shares of Aura Minerals in the fourth quarter valued at $25,000. Hollencrest Capital Management increased its position in Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Aura Minerals during the 4th quarter worth about $34,000. Virtus Advisers LLC raised its stake in Aura Minerals by 46.4% in the 4th 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 last quarter. Finally, Quarry LP acquired a new position in Aura Minerals in the 3rd quarter valued at about $37,000.
Aura Minerals Company Profile
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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