Aura Minerals (NASDAQ:AUGO) Reaches New 1-Year High – What’s Next?

Aura Minerals Inc. (NASDAQ:AUGO)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $72.89 and last traded at $72.42, with a volume of 100741 shares changing hands. The stock had previously closed at $68.30.

Wall Street Analyst Weigh In

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

Aura Minerals Stock Up 1.3%

The company has a fifty day moving average price of $48.57. The stock has a market capitalization of $5.72 billion and a P/E ratio of -117.22. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12.

Aura Minerals (NASDAQ:AUGO) last announced its earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.90). The firm had revenue of $247.83 million during the quarter. Aura Minerals had a negative net margin of 5.55% and a positive return on equity of 93.74%. The firm’s revenue was up 58.7% compared to the same quarter last year.

Aura Minerals Announces Dividend

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

Institutional Inflows and Outflows

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

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.