Aura Minerals (NASDAQ:AUGO) Stock Breaks Above Fifty Day Moving Average - Here's Why

Key Points

• Aura Minerals shares rose 11.8% and moved above their 50-day moving average of $82.55, reaching $87.07 before last trading at $86.99.
• Analysts give the stock a consensus “Moderate Buy” rating, with an average price target of $86.95; recent rating changes were mixed.
• The company declared a quarterly dividend of $0.72 per share, equivalent to an annualized yield of about 3.3%.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $82.55 and traded as high as $87.07. Aura Minerals shares last traded at $86.99, with a volume of 997,749 shares.

Analyst Ratings Changes

Several research analysts have weighed in on AUGO shares. Santander lowered Aura Minerals from an "outperform" rating to a "neutral" rating in a report on Monday, August 31st. Weiss Ratings upgraded Aura Minerals from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 30th. Zacks Research raised Aura Minerals from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. Wall Street Zen cut Aura Minerals from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, JPMorgan Chase & Co. cut their price objective on Aura Minerals from $104.50 to $91.00 and set an "overweight" rating on the stock in a report 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.95.

Aura Minerals Stock Up 11.8%

The firm has a market capitalization of $7.29 billion, a P/E ratio of 17.19, a PEG ratio of 0.21 and a beta of 0.82. 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 firm's 50-day moving average is $82.55 and its 200 day moving average is $75.99.

Aura Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Wednesday, November 18th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.88 annualized dividend and a dividend yield of 3.3%. Aura Minerals's dividend payout ratio (DPR) is currently 56.92%.

Insider Activity

In other news, Director Mauad Sousa sold 166,000 shares of the business's stock in a transaction dated 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 directly owned 1,041 shares in the company, 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 SEC, which is available at the SEC website. Over the last 90 days, insiders bought 263,011 shares of company stock valued at $22,662,070 and sold 1,458,065 shares valued at $125,361,752.

Institutional Investors Weigh In On Aura Minerals

A number of hedge funds and other institutional investors have recently bought and sold shares of AUGO. Bank of America Corp DE increased its stake in Aura Minerals by 42.5% in the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company's stock valued at $79,740,000 after buying an additional 291,623 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Aura Minerals during the 2nd quarter worth about $961,000. Robeco Schweiz AG lifted its position in Aura Minerals by 16.3% during the 3rd quarter. Robeco Schweiz AG now owns 473,190 shares of the company's stock worth $37,231,000 after buying an additional 66,190 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Aura Minerals by 145.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 129,709 shares of the company's stock worth $10,206,000 after buying an additional 76,910 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Aura Minerals by 125.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company's stock worth $26,241,000 after buying an additional 178,730 shares during the last quarter.

About Aura Minerals

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