Aura Minerals (NASDAQ:AUGO) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Aura Minerals (NASDAQ:AUGO) from a strong-buy rating to a buy rating in a research report released on Monday morning.

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

Aura Minerals Stock Performance

NASDAQ:AUGO opened at $65.54 on Monday. Aura Minerals has a fifty-two week low of $12.19 and a fifty-two week high of $66.70. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.83. The business’s 50 day moving average is $47.23. The stock has a market cap of $5.42 billion and a PE ratio of -111.08.

Aura Minerals (NASDAQ:AUGO) last released 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 firm had revenue of $247.83 million for 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. Stockholders of record on Monday, November 17th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, November 17th. Aura Minerals’s dividend payout ratio (DPR) is presently -325.42%.

Hedge Funds Weigh In On Aura Minerals

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new position in Aura Minerals in the third quarter valued at approximately $37,000. Shell Asset Management Co. purchased a new stake in shares of Aura Minerals during the 3rd quarter worth approximately $43,000. Banque Cantonale Vaudoise acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $108,000. BNP Paribas Financial Markets purchased a new position in shares of Aura Minerals in the 3rd quarter valued at $145,000. Finally, SG Americas Securities LLC purchased a new position in shares of Aura Minerals in the 4th quarter valued at $213,000.

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.