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

Wall Street Zen lowered shares of Aura Minerals (NASDAQ:AUGO) from a strong-buy rating to a buy rating in a research note released on Monday morning.

Other equities analysts have also issued reports about the company. Bank of America raised their target price on Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, The Goldman Sachs Group increased their target price on shares of Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $48.90.

Aura Minerals Stock Down 1.2%

AUGO stock opened at $60.22 on Monday. The firm has a market cap of $4.98 billion and a PE ratio of -102.07. The business has a 50-day moving average price of $46.07. Aura Minerals has a fifty-two week low of $12.19 and a fifty-two week high of $61.39. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12.

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 analysts’ consensus estimates of $0.97 by ($0.90). Aura Minerals had a negative net margin of 5.55% and a positive return on equity of 93.74%. The firm had revenue of $247.83 million for the quarter. The firm’s revenue for the quarter was up 58.7% compared to the same quarter last year.

Aura Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Monday, November 17th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.92 annualized dividend and a yield of 3.2%. 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 bought and sold shares of AUGO. Capital World Investors acquired a new position in shares of Aura Minerals in the 3rd quarter worth approximately $60,284,000. SPX Gestao de Recursos Ltda bought a new position in shares of Aura Minerals in the third quarter valued at $29,988,000. JPMorgan Chase & Co. bought a new stake in shares of Aura Minerals during the 3rd quarter worth $27,097,000. Bank of America Corp DE bought a new stake in shares of Aura Minerals during the 3rd quarter worth $17,623,000. Finally, Marshall Wace LLP acquired a new position in shares of Aura Minerals in the 3rd quarter worth $17,483,000.

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. We operate with a decentralized culture, supported by a lean corporate team that ensures agile and dynamic management and decision-making processes, focused on high operational sustainability compliance standards.