Aura Minerals (NASDAQ:AUGO) Sets New 1-Year High – Here’s What Happened

Aura Minerals Inc. (NASDAQ:AUGO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $64.00 and last traded at $62.77, with a volume of 140473 shares. The stock had previously closed at $60.22.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Bank of America lifted their target price on shares of Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, The Goldman Sachs Group upped their price target on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $48.90.

Aura Minerals Stock Up 5.8%

The firm’s 50-day moving average is $47.91. The firm has a market capitalization of $5.73 billion and a P/E ratio of -117.47. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.83.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Tuesday, November 4th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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 company had revenue of $247.83 million for the quarter. The firm’s revenue 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. Stockholders of record on Monday, November 17th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, November 17th. Aura Minerals’s payout ratio is currently -325.42%.

Hedge Funds Weigh In On Aura Minerals

Several institutional investors have recently added to or reduced their stakes in the company. Capital World Investors bought a new stake in shares of Aura Minerals during the third quarter worth $60,284,000. SPX Gestao de Recursos Ltda acquired a new position in Aura Minerals during the 3rd quarter worth about $29,988,000. JPMorgan Chase & Co. bought a new stake in Aura Minerals during the 3rd quarter worth about $27,097,000. Bank of America Corp DE acquired a new stake in Aura Minerals in the 3rd quarter valued at about $17,623,000. Finally, Marshall Wace LLP bought a new position in shares of Aura Minerals in the third quarter worth about $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.