Aura Minerals (NASDAQ:AUGO) Shares Gap Down – Here’s Why

Aura Minerals Inc. (NASDAQ:AUGO)’s share price gapped down before the market opened on Friday . The stock had previously closed at $74.71, but opened at $66.93. Aura Minerals shares last traded at $70.02, with a volume of 176,824 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AUGO shares. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. The Goldman Sachs Group boosted their price objective on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Finally, Bank of America raised their price objective on shares of Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $48.90.

Aura Minerals Trading Down 8.4%

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 has a market capitalization of $5.66 billion and a P/E ratio of -116.02. The company has a 50 day moving average of $51.46.

Aura Minerals (NASDAQ:AUGO) last announced 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). The business had revenue of $247.83 million for the quarter. Aura Minerals had a positive return on equity of 93.74% and a negative net margin of 5.55%.The firm’s revenue was up 58.7% on a year-over-year basis.

Aura Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Monday, November 17th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, November 17th. Aura Minerals’s dividend payout ratio is currently -325.42%.

Institutional Trading of Aura Minerals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP acquired a new position in Aura Minerals during the third quarter valued at approximately $37,000. Shell Asset Management Co. bought a new stake in shares of Aura Minerals during the 3rd quarter worth approximately $43,000. Banque Cantonale Vaudoise acquired a new stake in shares of Aura Minerals in the 3rd quarter valued at approximately $108,000. BNP Paribas Financial Markets bought a new position in shares of Aura Minerals in the third quarter valued at $145,000. Finally, State of Wyoming acquired a new position in Aura Minerals during the third quarter worth $164,000.

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.