Aura Minerals Inc. (NASDAQ:AUGO – Get Free Report)’s stock price was down 10.9% during mid-day trading on Friday. The company traded as low as $71.02 and last traded at $69.7860. Approximately 88,528 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 974,702 shares. The stock had previously closed at $78.30.
Analyst Ratings Changes
Several brokerages recently commented on AUGO. JPMorgan Chase & Co. decreased their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a report on Sunday, October 18th. Weiss Ratings upgraded shares of Aura Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 15th. Scotiabank assumed coverage on Aura Minerals in a research report on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 price objective for the company. Finally, Bank of America dropped their price objective on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Aura Minerals presently has an average rating of “Moderate Buy” and a consensus target price of $86.95.
Read Our Latest Stock Analysis on Aura Minerals
Aura Minerals Stock Performance
The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $5.80 billion, a P/E ratio of 19.56, a P/E/G ratio of 0.23 and a beta of 0.48. The company’s 50-day moving average is $84.74 and its two-hundred day moving average is $75.59.
Aura Minerals (NASDAQ:AUGO – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The business had revenue of $335.97 million during the quarter. As a group, sell-side analysts anticipate that Aura Minerals Inc. will post 6.11 EPS for the current fiscal year.
Aura Minerals Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a yield of 4.2%. This is a negative change from Aura Minerals’s previous quarterly dividend of $0.78. Aura Minerals’s dividend payout ratio (DPR) is 81.36%.
Insider Activity
In other Aura Minerals news, Director Mauad Sousa sold 166,000 shares of Aura Minerals stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $90.65, for a total transaction of $15,047,900.00. Following the completion of the sale, the director owned 1,041 shares of the company’s stock, valued at $94,366.65. This trade represents a 99.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have purchased 263,011 shares of company stock valued at $22,662,070 and have sold 1,568,065 shares valued at $133,318,052.
Institutional Trading of Aura Minerals
Institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Aura Minerals by 41.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 69,707 shares of the company’s stock valued at $5,485,000 after purchasing an additional 20,472 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Aura Minerals in the third quarter valued at approximately $250,000. Profund Advisors LLC acquired a new stake in Aura Minerals during the 3rd quarter valued at $215,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Aura Minerals during the third quarter worth $42,000. Finally, Robeco Schweiz AG raised its holdings in shares of Aura Minerals by 16.3% in the third quarter. Robeco Schweiz AG now owns 473,190 shares of the company’s stock valued at $37,231,000 after buying an additional 66,190 shares during the last quarter.
About Aura Minerals
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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