Aura Minerals (NASDAQ:AUGO) Sees Strong Trading Volume – What’s Next?

Shares of Aura Minerals Inc. (NASDAQ:AUGO) saw unusually-high trading volume on Thursday . Approximately 1,681,480 shares traded hands during mid-day 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

Several equities analysts recently issued reports on AUGO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Wall Street Zen cut Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. The Goldman Sachs Group boosted their price target 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 upped their price objective on Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, Zacks Research upgraded Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $48.90.

Aura Minerals Stock Performance

The business has a 50 day simple moving average of $52.01. 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 stock has a market cap of $5.26 billion and a P/E ratio of -107.95.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly 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 during the quarter. Aura Minerals had a negative net margin of 5.55% and a positive return on equity of 93.74%. The company’s revenue for the quarter 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, November 17th. Aura Minerals’s dividend payout ratio (DPR) is -325.42%.

Institutional Investors Weigh In On Aura Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Holding SA boosted its position in shares of Aura Minerals by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,074 shares of the company’s stock worth $558,000 after purchasing an additional 4,659 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in Aura Minerals during the fourth quarter worth $3,892,000. SG Americas Securities LLC acquired a new position in Aura Minerals during the fourth quarter worth $213,000. Diversified Trust Co. boosted its position in shares of Aura Minerals by 194.8% during the fourth quarter. Diversified Trust Co. now owns 17,100 shares of the company’s stock worth $862,000 after buying an additional 11,300 shares during the period. Finally, Oliver Luxxe Assets LLC acquired a new stake in shares of Aura Minerals in the fourth quarter valued at $2,376,000.

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.