Aura Minerals (NASDAQ:AUGO) Hits New 52-Week High – Should You Buy?

Aura Minerals Inc. (NASDAQ:AUGO)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $77.80 and last traded at $77.51, with a volume of 162747 shares changing hands. The stock had previously closed at $74.59.

Analyst Ratings Changes

AUGO has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. Wall Street Zen lowered Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Research cut shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, The Goldman Sachs Group upped their price target on shares of Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $48.90.

Aura Minerals Price Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.37. The stock has a 50 day moving average price of $60.38. The company has a market capitalization of $6.57 billion and a P/E ratio of -134.66.

Institutional Investors Weigh In On Aura Minerals

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Aura Minerals in the fourth quarter worth $698,000. Invesco Ltd. boosted its holdings in shares of Aura Minerals by 811.4% during the 4th quarter. Invesco Ltd. now owns 209,605 shares of the company’s stock valued at $10,567,000 after buying an additional 186,608 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Aura Minerals in the 4th quarter worth about $10,436,000. Quadrature Capital Ltd increased its stake in shares of Aura Minerals by 497.8% in the 4th quarter. Quadrature Capital Ltd now owns 57,014 shares of the company’s stock worth $2,874,000 after acquiring an additional 47,477 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Aura Minerals by 35.3% during the 4th quarter. Millennium Management LLC now owns 132,045 shares of the company’s stock valued at $6,657,000 after acquiring an additional 34,456 shares during the period.

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.