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 report published on Saturday.

A number of other research analysts have also weighed in on AUGO. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Bank of America upped their price target 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. Zacks Research lowered Aura Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, The Goldman Sachs Group increased their price target 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 research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $48.90.

Aura Minerals Stock Performance

AUGO opened at $50.00 on Friday. The stock has a market cap of $4.13 billion and a PE ratio of -84.75. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12. The company’s fifty day moving average price is $40.92. Aura Minerals has a fifty-two week low of $11.69 and a fifty-two week high of $54.30.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter. The business’s revenue was up 58.7% compared to the same quarter last year.

Aura Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Monday, November 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. Aura Minerals’s payout ratio is presently -325.42%.

Hedge Funds Weigh In On Aura Minerals

Large investors have recently added to or reduced their stakes in the stock. Ashoka WhiteOak Capital Pte Ltd acquired a new stake in shares of Aura Minerals during the 3rd quarter worth about $874,000. Artisan Partners Limited Partnership purchased a new position in shares of Aura Minerals in the third quarter valued at approximately $1,819,000. Counterpoint Mutual Funds LLC purchased a new position in Aura Minerals in the third quarter valued at $517,000. Shell Asset Management Co. purchased a new stake in shares of Aura Minerals during the third quarter worth approximately $43,000. Finally, Cibc World Market Inc. acquired a new stake in shares of Aura Minerals in the 3rd quarter valued at $2,968,000.

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.