Aura Minerals (NASDAQ:AUGO) Shares Down 4.5% – Here’s Why

Aura Minerals Inc. (NASDAQ:AUGO)’s stock price traded down 4.5% on Tuesday . The stock traded as low as $100.24 and last traded at $100.4810. 131,788 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 995,278 shares. The stock had previously closed at $105.19.

Wall Street Analyst Weigh In

A number of research firms have commented on AUGO. Zacks Research raised shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research report on Friday, March 27th. JPMorgan Chase & Co. assumed coverage on shares of Aura Minerals in a research note on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price objective for the company. Finally, Wall Street Zen downgraded Aura Minerals from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $67.60.

Aura Minerals Stock Down 9.8%

The company’s fifty day simple moving average is $83.09 and its 200 day simple moving average is $59.58. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $7.40 billion and a PE ratio of -84.15.

Aura Minerals (NASDAQ:AUGO) last posted its earnings results on Saturday, February 14th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $321.66 million for the quarter. Aura Minerals had a positive return on equity of 94.81% and a negative net margin of 8.61%. Analysts anticipate that Aura Minerals Inc. will post 11.98 earnings per share for the current fiscal year.

Aura Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were issued a $0.66 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 dividend on an annualized basis and a yield of 3.0%. Aura Minerals’s dividend payout ratio is -251.43%.

Insider Buying and Selling

In other news, CEO Rodrigo Cardoso Barbosa sold 10,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $65.82, for a total transaction of $658,200.00. Following the sale, the chief executive officer owned 859,745 shares in the company, valued at approximately $56,588,415.90. The trade was a 1.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Capital World Investors purchased a new stake in Aura Minerals in the third quarter worth about $60,284,000. SPX Gestao de Recursos Ltda bought a new position in shares of Aura Minerals during the third quarter valued at approximately $29,988,000. JPMorgan Chase & Co. purchased a new position in shares of Aura Minerals during the third quarter valued at approximately $27,097,000. Bank of America Corp DE purchased a new position in shares of Aura Minerals during the third quarter valued at approximately $17,623,000. Finally, Marshall Wace LLP bought a new stake in shares of Aura Minerals in the 3rd quarter worth approximately $17,483,000.

About Aura Minerals

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.