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The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -1.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Aura Minerals's Beneish M-Score or its related term are showing as below:
BSP:AURA33'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.46 Med: -2.59 Max: -0.03
Current: -1.82
During the past 13 years, the highest Beneish M-Score of Aura Minerals was -0.03. The lowest was -3.46. And the median was -2.59.
Aura Minerals Beneish M-Score Related Terms
Aura Minerals Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Aura Minerals's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSP:AURA33 vs HYMC, DC, GROY: Beneish M-Score Comparison
For the Gold subindustry, Aura Minerals's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Aura Minerals Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Aura Minerals's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Aura Minerals's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Aura Minerals for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.7901
+
0.528 * 0.7586
+
0.404 * 1.3535
+
0.892 * 1.7217
+
0.115 * 0.872
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9146
+
4.679 * 0.00531
-
0.327 * 0.8826
=
-1.95
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(343.321 / (343.321 + 4148.515))
/
(483.651 / (483.651 + 5034.186))
=
0.076432
/
0.087652
=
0.872
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(464.62 - -1636.101
-
2055.048)
/
8601.955
=
0.00531
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Aura Minerals has a M-score of -1.95 suggests that the company is unlikely to be a manipulator.
Aura Minerals (BSP:AURA33) has a Beneish M-Score of -1.82 as of Jul. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aura Minerals and its competitors. According to the industry distribution chart, Aura Minerals ranks #472 out of 677 companies in the Metals & Mining industry, placing it in the top 69.7%.
Is Aura Minerals' Beneish M-Score too high?
Aura Minerals' current Beneish M-Score is -1.82. Based on the distribution chart, Aura Minerals ranks #472 out of 677 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Aura Minerals has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aura Minerals' Beneish M-Score compare to HYMC and DC?
According to the Metals & Mining industry distribution chart, Aura Minerals ranks #472 out of 677 companies for Beneish M-Score. This places Aura Minerals in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aura Minerals and its competitors. Aura Minerals's current Beneish M-Score is -1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aura Minerals stock overvalued right now?
Based on GuruFocus' analysis, Aura Minerals (BSP:AURA33) is currently considered Significantly Overvalued. The stock's GF Value™ is R$45.78, compared to a current price of R$93.00 — trading 103.1% above its estimated fair value. The current Beneish M-Score is -1.82. Aura Minerals' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Aura Minerals (BSP:AURA33), the current Beneish M-Score is -1.82 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Aura Minerals (BSP:AURA33) Overvalued in 2026?
Based on GuruFocus' analysis, Aura Minerals stock appears to be overvalued.
The current stock price of R$93.00 is trading 103.1% above its estimated GF Value™ of R$45.78.
GuruFocus considers Aura Minerals to be Significantly Overvalued.
Key valuation signals for BSP:AURA33:
Beneish M-Score: -1.82
GF Value™: R$45.78 vs. price of R$93.00 (103.1% above fair value)
No single metric tells the full story. See the BSP:AURA33 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aura Minerals Inc is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's operating segments include: Minosa Mine, Apoena Mine, the Aranzazu Mine, Almas Mine, Borborema Mine and Serra Grande Mine. It derives maximum revenue from Aranzazu Mine. The company's growth projects include: Matupa in Brazil, and Era Dorada in Guatemala. whereas its exploration projects include: Carajas, in Brazil, and Tolda Fria in Colombia.
79GF Score
Get the complete analysis for BSP:AURA33
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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