Aura Minerals (NASDAQ:AUGO) Reaches New 1-Year High – Still a Buy?

Aura Minerals Inc. (NASDAQ:AUGO)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.99 and last traded at $40.93, with a volume of 169926 shares traded. The stock had previously closed at $39.80.

Wall Street Analysts Forecast Growth

AUGO has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $52.80 price objective on shares of Aura Minerals in a research note on Wednesday. Bank of America upped 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. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Monday. Finally, Wall Street Zen downgraded Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.90.

Aura Minerals Stock Performance

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 firm has a market cap of $3.47 billion and a price-to-earnings ratio of -71.10. The company’s 50-day moving average price is $35.69.

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

Aura Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders 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 4.6%. Aura Minerals’s payout ratio is presently -325.42%.

Institutional Investors Weigh In On Aura Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Aura Minerals in the third quarter worth about $37,000. Shell Asset Management Co. bought a new position in Aura Minerals in the 3rd quarter worth approximately $43,000. Banque Cantonale Vaudoise acquired a new position in Aura Minerals during the 3rd quarter worth $108,000. BNP Paribas Financial Markets bought a new position in Aura Minerals in the 3rd quarter valued at $145,000. Finally, State of Wyoming acquired a new stake in shares of Aura Minerals in the 3rd quarter valued at $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.