Aura Minerals Inc. (NASDAQ:AUGO) Given Consensus Rating of "Buy" by Analysts

Key Points

• Analysts give AUGO a consensus Buy rating (1 hold, 3 buy, 1 strong buy) with an average 12‑month price target of $67.60; JPMorgan recently initiated coverage with an "overweight" call and a $105 target.
• CEO Rodrigo Cardoso Barbosa sold 5,000 shares on March 20 at $61.75 for $308,750, trimming his stake by 0.58% to 854,745 shares.
• AUGO shares opened at $105.01 (52‑week range $17.98–$109.27) with a $8.8B market cap, a negative trailing PE (~-100), reported EPS of ($0.24) last quarter, and pays a $0.66 quarterly dividend (~2.5% yield).

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) has been given an average recommendation of "Buy" by the five research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $67.60.

A number of analysts recently commented on AUGO shares. JPMorgan Chase & Co. started coverage on shares of Aura Minerals in a research note on Wednesday, February 25th. They issued an "overweight" rating and a $105.00 target price for the company. Wall Street Zen cut shares of Aura Minerals from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Aura Minerals in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of Aura Minerals from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 2nd.

Insider Buying and Selling

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 5,000 shares of Aura Minerals stock in a transaction that occurred on Friday, March 20th. The shares were 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 in the company, valued at approximately $52,780,503.75. The trade was a 0.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Institutional Trading of Aura Minerals

Several institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors acquired a new stake in Aura Minerals during the 3rd quarter valued at approximately $60,284,000. SPX Gestao de Recursos Ltda lifted its stake in Aura Minerals by 8.8% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company's stock valued at $44,225,000 after acquiring an additional 71,289 shares during the period. JPMorgan Chase & Co. acquired a new stake in Aura Minerals during the 3rd quarter valued at approximately $27,097,000. Marshall Wace LLP lifted its stake in Aura Minerals by 32.7% during the 4th quarter. Marshall Wace LLP now owns 623,662 shares of the company's stock valued at $31,439,000 after acquiring an additional 153,828 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in Aura Minerals by 9.3% during the 4th quarter. William Blair Investment Management LLC now owns 496,303 shares of the company's stock valued at $25,021,000 after acquiring an additional 42,091 shares during the period.

Aura Minerals Stock Down 3.4%

AUGO stock opened at $105.01 on Thursday. The firm has a 50 day moving average of $79.79 and a 200 day moving average of $57.27. The stock has a market capitalization of $8.80 billion and a PE ratio of -100.01. 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 has a 52 week low of $17.98 and a 52 week high of $109.27.

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

Aura Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 11th were paid 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 2.5%. Aura Minerals's dividend payout ratio (DPR) is -251.43%.

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.

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