Aura Minerals (NASDAQ:AUGO) Shares Gap Down – Here’s What Happened
by Sarita Garza · The Markets DailyAura Minerals Inc. (NASDAQ:AUGO – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $83.57, but opened at $78.88. Aura Minerals shares last traded at $79.6220, with a volume of 110,501 shares traded.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AUGO shares. Bank of America cut their target price on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research raised Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Scotiabank initiated coverage on Aura Minerals in a research report on Thursday, September 17th. They issued a “sector outperform” rating and a $110.00 price objective for the company. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Aura Minerals presently has a consensus rating of “Moderate Buy” and an average price target of $86.95.
Read Our Latest Report on AUGO
Aura Minerals Price Performance
The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. The company has a 50-day moving average price of $76.41 and a 200-day moving average price of $75.42. The firm has a market capitalization of $6.67 billion, a PE ratio of 22.51 and a beta of 0.28.
Aura Minerals (NASDAQ:AUGO – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The firm had revenue of $335.97 million during the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. Sell-side analysts forecast that Aura Minerals Inc. will post 5.45 EPS for the current year.
Aura Minerals Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This is a negative change from Aura Minerals’s previous quarterly dividend of $0.78. This represents a $2.88 annualized dividend and a dividend yield of 3.6%. Aura Minerals’s payout ratio is currently 81.36%.
Insider Transactions at Aura Minerals
In other Aura Minerals news, Director Mauad Sousa sold 166,000 shares of Aura Minerals stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $90.65, for a total value of $15,047,900.00. Following the completion of the sale, the director directly owned 1,041 shares of the company’s stock, valued at approximately $94,366.65. The trade was a 99.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have purchased 263,011 shares of company stock worth $22,662,070 and have sold 1,647,075 shares worth $138,275,074.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in AUGO. Triumph Capital Management boosted its stake in Aura Minerals by 32.4% in the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock worth $38,000 after buying an additional 146 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aura Minerals during the 4th quarter valued at about $134,000. Rathbones Group PLC acquired a new position in shares of Aura Minerals during the 1st quarter valued at about $245,000. Harbour Investments Inc. purchased a new position in shares of Aura Minerals during the 4th quarter worth about $183,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Aura Minerals during the 1st quarter worth about $306,000.
About Aura Minerals
Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.
Aura’s operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.