Aura Minerals (NASDAQ:AUGO) Downgraded by Wall Street Zen to “Buy”

by · The Markets Daily

Wall Street Zen lowered shares of Aura Minerals (NASDAQ:AUGO – Free Report) from a strong-buy rating to a buy rating in a research report report published on Sunday morning,Wall Street Zen reports.

Several other equities research analysts also recently commented on AUGO. Santander downgraded shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a research note on Monday, August 31st. Scotiabank started 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. JPMorgan Chase & Co. reduced their price target on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Finally, Weiss Ratings raised shares of Aura Minerals from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.95.

View Our Latest Stock Report on Aura Minerals

Aura Minerals Stock Performance

Shares of AUGO stock opened at $77.82 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.30 and a quick ratio of 1.07. The stock has a market cap of $6.52 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.22 and a beta of 0.82. The stock has a 50-day moving average of $82.50 and a 200-day moving average of $75.89. Aura Minerals has a one year low of $33.16 and a one year high of $110.32.

Aura Minerals (NASDAQ:AUGO – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. Aura Minerals had a net margin of 30.01% and a return on equity of 103.57%. The business had revenue of $335.97 million for the quarter. As a group, sell-side analysts expect that Aura Minerals will post 6.11 earnings per share for the current year.

Aura Minerals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, November 18th. Aura Minerals’s dividend payout ratio is 56.92%.

Insider Transactions at Aura Minerals

In other Aura Minerals news, COO Glauber Luvizotto sold 64,713 shares of Aura Minerals stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $80.20, for a total value of $5,189,982.60. Following the sale, the chief operating officer owned 224,515 shares of the company’s stock, valued at $18,006,103. This trade represents a 22.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Sousa sold 280,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $81.67, for a total value of $22,867,600.00. Following the completion of the sale, the director owned 168,765 shares in the company, valued at approximately $13,783,037.55. This trade represents a 62.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 263,011 shares of company stock valued at $22,662,070 and have sold 1,458,065 shares valued at $125,361,752.

Institutional Investors Weigh In On Aura Minerals

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

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