Aura Minerals Inc. (NASDAQ:AUGO) Receives $67.60 Consensus Target Price from Brokerages

Aura Minerals Inc. (NASDAQ:AUGO) has been given a consensus recommendation of “Buy” by the five research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $67.60.

AUGO has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Zacks Research raised shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. JPMorgan Chase & Co. began coverage on shares of Aura Minerals in a research report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd.

Insider Activity at Aura Minerals

In other news, CEO Rodrigo Cardoso Barbosa sold 5,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $61.75, for a total transaction of $308,750.00. Following the completion of the sale, the chief executive officer directly owned 854,745 shares of the company’s stock, valued at $52,780,503.75. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Trading of Aura Minerals

Several institutional investors and hedge funds have recently bought and sold shares of AUGO. Triumph Capital Management purchased a new stake in Aura Minerals during the fourth quarter valued at about $25,000. Global Retirement Partners LLC purchased a new position in shares of Aura Minerals in the fourth quarter worth approximately $34,000. Quarry LP acquired a new stake in shares of Aura Minerals during the third quarter valued at approximately $37,000. Hollencrest Capital Management raised its holdings in shares of Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after acquiring an additional 600 shares during the period. Finally, Shell Asset Management Co. purchased a new stake in shares of Aura Minerals in the 3rd quarter valued at approximately $43,000.

Aura Minerals Trading Up 5.7%

Shares of AUGO stock opened at $70.07 on Friday. The stock has a 50-day simple moving average of $72.99 and a 200 day simple moving average of $51.82. The stock has a market capitalization of $5.85 billion and a P/E ratio of -66.73. Aura Minerals has a fifty-two week low of $15.00 and a fifty-two week high of $90.19. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.17.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. Aura Minerals had a positive return on equity of 94.81% and a negative net margin of 8.61%.The business had revenue of $321.66 million during the quarter.

Aura Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.8%. Aura Minerals’s payout ratio is -251.43%.

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.