Aura Minerals (NASDAQ:AUGO) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Aura Minerals Inc. (NASDAQ:AUGO – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $75.63 and traded as low as $65.16. Aura Minerals shares last traded at $66.22, with a volume of 1,666,970 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Wall Street Zen raised Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Santander cut Aura Minerals from an “outperform” rating to a “neutral” rating in a research report on Monday, August 31st. Weiss Ratings upgraded Aura Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 15th. Finally, Bank of America lowered their target price on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.95.

Get Our Latest Report on AUGO

Aura Minerals Trading Down 15.4%

The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 0.22 and a beta of 0.48. The business’s 50 day moving average price is $84.33 and its 200-day moving average price is $75.63. 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 – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The firm had revenue of $335.97 million during the quarter. Equities analysts forecast that Aura Minerals Inc. will post 6.11 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.3%. This is a drop from Aura Minerals’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, August 18th. Aura Minerals’s dividend payout ratio (DPR) is presently 81.36%.

Insider Buying and Selling at Aura Minerals

In related news, Director Mauad Sousa sold 166,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $90.65, for a total transaction of $15,047,900.00. Following the transaction, the director owned 1,041 shares of the company’s stock, valued at $94,366.65. This represents a 99.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders purchased 263,011 shares of company stock valued at $22,662,070 and sold 1,568,065 shares valued at $133,318,052.

Hedge Funds Weigh In On Aura Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in AUGO. Jennison Associates LLC purchased a new stake in shares of Aura Minerals during the 1st quarter worth approximately $50,378,000. Bank of America Corp DE grew its holdings in shares of Aura Minerals by 42.5% in the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after acquiring an additional 291,623 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Aura Minerals by 125.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company’s stock valued at $26,241,000 after purchasing an additional 178,730 shares in the last quarter. Andra AP fonden purchased a new position in Aura Minerals in the 2nd quarter valued at approximately $10,550,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Aura Minerals by 145.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 129,709 shares of the company’s stock valued at $10,206,000 after purchasing an additional 76,910 shares in the last quarter.

About Aura Minerals

(Get Free Report)

Aura Minerals Inc is a mining company focused on the exploration, development, and operation of gold, copper, and other precious and base-metal properties in the Americas. The company’s activities span the full mining life cycle, including resource evaluation, mine development, production, processing, and exploration for additional mineral deposits.

Aura’s portfolio has included the Aranzazu copper-gold-silver mine in Zacatecas, Mexico; the San Andrés gold mine in Honduras; and gold operations in Brazil, including the Almas and São Francisco mines.

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