| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 62 | 23.6x | 17.8x | Around median | |
Growth | 98 | 89.4% | 7.1% | Top tier | |
Quality | 86 | 69.2% | 4.5% | Top tier | |
Safety | 76 | 0.2x | 2.6x | Top tier | |
Capital Return | 35 | — | 2.12% | Bottom tier | |
Momentum | 76 | 133.0% | 2.9% | Top tier | |
Sentiment | 49 | 5 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Aura Minerals is a mining company that generates revenue from the production and sale of gold and metals from a portfolio of mines including MSG, Borborema, Almas, Minosa, Apoena, and Aranzazu, while simultaneously developing Era Dorada and evaluating Matupa. Its growth plan relies on expanding capacity at existing mines, improving underground development at MSG, executing new projects, and pursuing acquisitions in gold and copper across the Americas. In the first half of fiscal year 2026, production reached 158 thousand ounces, while management targeted production of 182 thousand to 232 thousand ounces in the second half and a full-year range of 340 thousand to 390 thousand ounces.
In the second quarter of fiscal year 2026, Aura Minerals recorded revenue of $336.0 million, compared with $382.6 million in the first quarter of fiscal year 2026, due to lower production and a lower average gold price compared with the previous quarter. Gross profit was $191.5 million, representing a gross margin of approximately 57.0%, and adjusted earnings before interest, taxes, depreciation, and amortization were $197 million. The company reported net income of $217.7 million and earnings per share of $2.60, but net income benefited from $126 million in non-cash gains related to the revaluation of gold derivatives, while adjusted net income was $97 million.
On a trailing-twelve-month basis through 2026, revenue reached approximately $1.3 billion, gross profit reached $737.5 million, and net income reached $298.6 million. Adjusted earnings before interest, taxes, depreciation, and amortization also exceeded $800 million, with production of 313 thousand ounces. Operationally, four units generated adjusted earnings before interest, taxes, depreciation, and amortization of between $43 million and $56 million, while Apoena and MSG were the weakest in the second quarter of fiscal year 2026. The company ended the quarter with approximately $250 million in cash, net debt of $168 million, and a net-debt-to-adjusted-earnings-before-interest-taxes-depreciation-and-amortization ratio of 0.2 times.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is Buy, with an average price target of $52.8, but the highest and lowest targets are identical at $52.8, meaning the range of estimates offers no diversity of views. This target is below the midpoint of the 52-week range of $29.11 to $110.321 and significantly below its high, consistent with a revaluation reflecting gold-price volatility and the execution risks associated with increasing production at MSG and the other mines. No published price-to-earnings ratio is available, so the valuation assessment rests on the narrow analyst target, the 52-week range, and earnings quality after excluding non-cash gains from gold derivatives.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Revenue was $336.0 million and gross profit was $191.5 million, representing a gross margin of approximately 57.0%. The company recorded adjusted earnings before interest, taxes, depreciation, and amortization of $197 million, despite lower production and a lower average gold price compared with the first quarter of fiscal year 2026. Reported net income reached $217.7 million, but $126 million of it was related to non-cash gains from the revaluation of gold derivatives, while adjusted net income was $97 million.
The company produced 158 thousand ounces in the first half of fiscal year 2026 and is targeting between 182 thousand and 232 thousand ounces in the second half. Management maintained the full-year production range of between 340 thousand and 390 thousand ounces, supported by improvements at MSG and higher grades at Borborema, Apoena, and Aranzazu. However, MSG was weaker than expected in the first half, and management acknowledged that it could finish near the low end of its guidance, so achieving the range depends on actual execution during the third and fourth quarters.
Aura Minerals increased MSG's proven and probable reserves from 370 thousand to 753 thousand ounces within six months and increased measured and indicated resources from 1 million to 1.8 million ounces. Management expects production in the second half of fiscal year 2026 to increase by approximately 50% to 60% and grades to rise by approximately 25% to 35% compared with the first half. The subsequent operating target is production of approximately 80 thousand ounces annually and a reduction in all-in sustaining cost to approximately $2,000–$2,200 per ounce after completing infrastructure and underground mine development.
The company announced distributions of $60 million, equivalent to $0.72 per share, related to the results of the second quarter of fiscal year 2026 and scheduled for payment during the third quarter. It also approved a share repurchase program of up to $200 million after spending $68 million on distributions and repurchases during the second quarter. Management explained that cash dividends and repurchases will share the total capital return in the future, so repurchases should not be assumed to come on top of the same previous level of distributions.
All-in sustaining cost was approximately $2,000 per ounce in the second quarter of fiscal year 2026, affected by the MSG transformation phase, and would have declined to approximately $1,500–$1,600 excluding it. Oil and chemical prices and stronger local currencies in Brazil and Mexico are pressuring costs, while the company is relying on higher grades and production and its strategic procurement program to offset this. Recurring cash flow was $80 million, compared with approximately $120 million before gold-hedging losses, with $37 million paid to settle those hedges during the quarter.
The stock has a Buy consensus and an average target of $52.8, but the highest and lowest targets are identical at the same figure, so there is no broad range reflecting differences among analyst estimates. The target is below the midpoint of the 52-week range of $29.11 to $110.321 and far from its high, reflecting a significant revaluation relative to the range's highest levels. No published price-to-earnings ratio is available, so the analyst target should be weighed against the guidance's dependence on accelerating second-half production and the fact that $126 million of net income in the second quarter of fiscal year 2026 consisted of non-cash derivative gains.
