Aura Minerals (NASDAQ:AUGO) Issues Quarterly Earnings Results

Key Points

• Aura Minerals reported quarterly EPS of $999.00 while recording a negative net margin of -8.61% and a high return on equity of 94.81%.
• Shares jumped $9 to $89.70, giving the company a $7.52 billion market cap, yet the consensus analyst rating is a Hold with an average price target of $67.60—well below the current price.
• The company paid a quarterly dividend of $0.66 (annualized $2.64, yield 2.9%), but the reported dividend payout ratio is -251.43%, signalling an unusual divergence between payouts and earnings.

Aura Minerals (NASDAQ:AUGO - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports. Aura Minerals had a negative net margin of 8.61% and a positive return on equity of 94.81%.

Aura Minerals Stock Performance

Shares of AUGO traded up $9.00 during trading hours on Wednesday, reaching $89.70. 756,423 shares of the company traded hands, compared to its average volume of 965,809. The stock's fifty day moving average is $85.14 and its 200 day moving average is $62.08. The stock has a market cap of $7.52 billion and a P/E ratio of -85.43. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.97. Aura Minerals has a 1-year low of $17.98 and a 1-year high of $110.32.

Aura Minerals Dividend Announcement

The business also recently disclosed 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 2.9%. Aura Minerals's dividend payout ratio is currently -251.43%.

Insider Activity at Aura Minerals

In related news, CEO Rodrigo Cardoso Barbosa sold 10,000 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $65.82, for a total value of $658,200.00. Following the sale, the chief executive officer owned 859,745 shares of the company's stock, valued at $56,588,415.90. The trade was a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Trading of Aura Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management bought a new stake in Aura Minerals in the fourth quarter valued at about $25,000. Global Retirement Partners LLC bought a new stake in Aura Minerals in the 4th quarter valued at approximately $34,000. Quarry LP bought a new position in shares of Aura Minerals during the 3rd quarter worth approximately $37,000. Hollencrest Capital Management lifted its position in shares of Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company's stock worth $40,000 after purchasing an additional 600 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Aura Minerals during the third quarter worth $108,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AUGO. Weiss Ratings restated a "hold (c)" rating on shares of Aura Minerals in a report on Friday, March 27th. JPMorgan Chase & Co. began coverage on shares of Aura Minerals in a report on Wednesday, February 25th. They issued an "overweight" rating and a $105.00 price objective for the company. Wall Street Zen upgraded shares of Aura Minerals from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Zacks Research cut shares of Aura Minerals from a "strong-buy" rating to a "strong sell" rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $67.60.

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.

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