Aura Minerals (NASDAQ:AUGO) Announces Quarterly Earnings Results

Aura Minerals (NASDAQ:AUGOGet Free Report) issued its earnings results on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.

Aura Minerals Stock Performance

AUGO stock traded up $3.49 during trading hours on Wednesday, hitting $74.95. 419,558 shares of the stock were exchanged, compared to its average volume of 949,777. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $6.28 billion and a P/E ratio of 69.40. The company has a 50-day simple moving average of $84.36 and a two-hundred day simple moving average of $65.34. Aura Minerals has a 12 month low of $20.08 and a 12 month high of $110.32.

Aura Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th will be paid a $0.78 dividend. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 4.2%. Aura Minerals’s dividend payout ratio (DPR) is currently 288.89%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AUGO. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research report on Friday, March 27th. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research lowered Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. initiated coverage on Aura Minerals in a research report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Aura Minerals presently has an average rating of “Hold” and a consensus price target of $67.60.

View Our Latest Report on AUGO

Insider Buying and Selling at Aura Minerals

In related news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the firm’s stock in a transaction dated 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 directly owned 739,745 shares of the company’s stock, valued at $61,125,129.35. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mauad Bruno Sousa sold 38,384 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $83.95, for a total value of $3,222,336.80. Following the completion of the sale, the director directly owned 576,973 shares in the company, valued at $48,436,883.35. This trade represents a 6.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 168,384 shares of company stock worth $13,619,737.

Hedge Funds Weigh In On Aura Minerals

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in Aura Minerals in the third quarter worth approximately $17,623,000. Marshall Wace LLP purchased a new position in shares of Aura Minerals during the third quarter valued at approximately $17,483,000. Amundi boosted its position in shares of Aura Minerals by 319.9% during the fourth quarter. Amundi now owns 428,436 shares of the company’s stock valued at $21,600,000 after buying an additional 326,403 shares during the last quarter. Two Sigma Investments LP bought a new stake in Aura Minerals during the third quarter worth $11,963,000. Finally, Tudor Investment Corp ET AL bought a new stake in Aura Minerals during the fourth quarter worth $10,436,000.

Aura Minerals Company Profile

(Get Free Report)

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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