Aura Minerals (NASDAQ:AUGO) Announces Quarterly Earnings Results

Aura Minerals (NASDAQ:AUGO) issued its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.

Aura Minerals Trading Up 0.5%

Shares of Aura Minerals stock opened at $75.30 on Friday. Aura Minerals has a 1 year low of $20.08 and a 1 year high of $110.32. The firm has a market cap of $6.31 billion and a PE ratio of 69.72. The stock has a fifty day moving average price of $84.05 and a 200-day moving average price of $65.94. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75.

Aura Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 4.1%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s payout ratio is 288.89%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research note on Friday, March 27th. JPMorgan Chase & Co. assumed 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. Finally, Zacks Research lowered Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $67.60.

Insider Buying and Selling at Aura Minerals

In related news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of Aura Minerals 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 completion of the sale, the chief executive officer owned 739,745 shares of the company’s stock, valued at approximately $61,125,129.35. This trade represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mauad Bruno Sousa sold 38,384 shares of Aura Minerals stock in a transaction dated Tuesday, May 12th. The stock was 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 of the company’s stock, valued at approximately $48,436,883.35. This trade represents a 6.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 168,384 shares of company stock valued at $13,619,737.

Institutional Investors Weigh In On Aura Minerals

Several large investors have recently added to or reduced their stakes in AUGO. Banque Cantonale Vaudoise purchased a new stake in Aura Minerals in the 3rd quarter worth about $108,000. Legal & General Group Plc purchased a new stake in Aura Minerals in the 3rd quarter worth about $317,000. Van ECK Associates Corp purchased a new stake in Aura Minerals in the 3rd quarter worth about $1,476,000. BNP Paribas Financial Markets purchased a new stake in Aura Minerals in the 3rd quarter worth about $145,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Aura Minerals in the 3rd quarter worth about $3,947,000.

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.