Aura Minerals (NASDAQ:AUGO) Sees Unusually-High Trading Volume – Here’s Why

Shares of Aura Minerals Inc. (NASDAQ:AUGO) saw unusually-high trading volume on Tuesday . Approximately 232,038 shares were traded during trading, an increase of 21% from the previous session’s volume of 191,797 shares.The stock last traded at $40.56 and had previously closed at $40.20.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AUGO. Bank of America boosted their target price on Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. The Goldman Sachs Group started coverage on Aura Minerals in a research report on Monday, October 13th. They issued a “buy” rating and a $46.60 price objective on the stock. Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research report on Tuesday, November 25th. Finally, Wall Street Zen downgraded shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.80.

Aura Minerals Stock Performance

The firm has a market cap of $3.26 billion and a P/E ratio of -66.92. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm’s 50 day moving average is $35.60.

Aura Minerals (NASDAQ:AUGO) last posted its earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.90). Aura Minerals had a positive return on equity of 93.74% and a negative net margin of 5.55%.The company had revenue of $247.83 million for the quarter. The company’s quarterly revenue was up 58.7% on a year-over-year basis.

Aura Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Monday, November 17th were paid a $0.48 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.92 annualized dividend and a yield of 4.9%. Aura Minerals’s dividend payout ratio (DPR) is currently -325.42%.

Institutional Investors Weigh In On Aura Minerals

A number of institutional investors and hedge funds have recently modified their holdings of AUGO. Ashoka WhiteOak Capital Pte Ltd purchased a new position in Aura Minerals during the third quarter valued at approximately $874,000. Diversified Trust Co bought a new position in Aura Minerals in the 3rd quarter valued at $216,000. U S Global Investors Inc. purchased a new position in shares of Aura Minerals during the 3rd quarter valued at $3,721,000. North of South Capital LLP bought a new position in shares of Aura Minerals in the third quarter worth $3,088,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Aura Minerals in the third quarter worth $16,744,000.

About Aura Minerals

We are an Americas gold and copper production company with a significant portfolio of mining operations. Our mission is to deliver long-term value by unlocking operational efficiencies, responsibly growing our portfolio with a focus on return on invested capital, responsible mining practices and a commitment to sustainability.