Aura Minerals (NASDAQ:AUGO) Sees Unusually-High Trading Volume – Still a Buy?

Aura Minerals Inc. (NASDAQ:AUGO) saw unusually-strong trading volume on Thursday . Approximately 1,681,480 shares changed hands during trading, an increase of 92% from the previous session’s volume of 876,867 shares.The stock last traded at $71.00 and had previously closed at $72.27.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AUGO shares. Bank of America lifted their price objective on shares of Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Wall Street Zen cut Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Zacks Research upgraded Aura Minerals from a “hold” rating to a “strong-buy” rating in a report 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 stock a “buy” rating in a 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’s stock. According to data from MarketBeat, Aura Minerals currently has a consensus rating of “Buy” and a consensus price target of $48.90.

Aura Minerals Stock Performance

The firm’s 50 day simple moving average is $50.66. The firm has a market capitalization of $6.06 billion and a price-to-earnings ratio of -124.32. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly 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 business had revenue of $247.83 million for the quarter. The business’s 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. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, November 17th. Aura Minerals’s dividend payout ratio (DPR) is -325.42%.

Institutional Trading of Aura Minerals

Large investors have recently modified their holdings of the business. Quarry LP purchased a new position in shares of Aura Minerals during the third quarter valued at approximately $37,000. Shell Asset Management Co. acquired a new stake in shares of Aura Minerals during the third quarter worth $43,000. Banque Cantonale Vaudoise purchased a new stake in shares of Aura Minerals in the third quarter valued at $108,000. BNP Paribas Financial Markets purchased a new position in Aura Minerals during the third quarter worth about $145,000. Finally, SG Americas Securities LLC acquired a new stake in Aura Minerals in the 4th quarter worth about $213,000.

Aura Minerals Company Profile

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.