Aura Minerals (NASDAQ:AUGO) Shares Up 13.2% - Here's What Happened

Key Points

• Aura Minerals shares rose 13.2% to about $72.59, on trading volume 57% below its average.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $86.95; five rate the stock Buy and two Hold.
• Insiders sold 1.57 million shares worth about $133.3 million over the past three months, while also purchasing 263,011 shares worth about $22.7 million.

Shares of Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) were up 13.2% on Wednesday. The stock traded as high as $72.39 and last traded at $72.5870. Approximately 416,136 shares were traded during trading, a decline of 57% from the average session volume of 976,939 shares. The stock had previously closed at $64.11.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Aura Minerals from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. Wall Street Zen raised shares of Aura Minerals from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings upgraded shares of Aura Minerals from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday. Scotiabank assumed coverage on shares of Aura Minerals in a report on Thursday, September 17th. They issued a "sector outperform" rating and a $110.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Aura Minerals has a consensus rating of "Moderate Buy" and a consensus price target of $86.95.

Aura Minerals Stock Up 12.7%

The business has a 50-day moving average of $83.45 and a 200-day moving average of $75.71. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 0.19 and a beta of 0.82.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. The firm had revenue of $335.97 million for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. On average, sell-side analysts expect that Aura Minerals Inc. will post 6.11 EPS for the current year.

Insiders Place Their Bets

In other Aura Minerals news, Director Mauad Sousa sold 166,000 shares of the business's stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $90.65, for a total value of $15,047,900.00. Following the sale, the director owned 1,041 shares of the company's stock, valued at $94,366.65. The trade was a 99.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have purchased 263,011 shares of company stock valued at $22,662,070 and have sold 1,568,065 shares valued at $133,318,052.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Triumph Capital Management raised its holdings in shares of Aura Minerals by 32.4% in the 2nd quarter. Triumph Capital Management now owns 596 shares of the company's stock valued at $38,000 after buying an additional 146 shares during the period. Parallel Advisors LLC acquired a new position in Aura Minerals in the 3rd quarter valued at about $38,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in Aura Minerals during the third quarter worth about $42,000. GAMMA Investing LLC increased its stake in Aura Minerals by 522.2% during the third quarter. GAMMA Investing LLC now owns 616 shares of the company's stock worth $48,000 after purchasing an additional 517 shares during the period. Finally, AMG Asset Management Group Inc. purchased a new stake in Aura Minerals during the third quarter worth about $211,000.

About Aura Minerals

Aura Minerals Inc is a mining company focused on the exploration, development, and operation of gold, copper, and other precious and base-metal properties in the Americas. The company's activities span the full mining life cycle, including resource evaluation, mine development, production, processing, and exploration for additional mineral deposits.

Aura's portfolio has included the Aranzazu copper-gold-silver mine in Zacatecas, Mexico; the San Andrés gold mine in Honduras; and gold operations in Brazil, including the Almas and São Francisco mines.

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