Aura Minerals (NASDAQ:AUGO) Sees Strong Trading Volume – Time to Buy?

Aura Minerals Inc. (NASDAQ:AUGO) shares saw unusually-high trading volume on Tuesday . Approximately 232,038 shares were traded during trading, an increase of 21% from the previous session’s volume of 191,797 shares.The stock last traded at $40.56 and had previously closed at $40.20.

Wall Street Analysts Forecast Growth

AUGO has been the subject of several research reports. Wall Street Zen downgraded shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 10th. Bank of America raised 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 lowered shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group initiated coverage on Aura Minerals in a report on Monday, October 13th. They set a “buy” rating and a $46.60 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research report on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.80.

Aura Minerals Stock Down 1.8%

The firm has a 50 day simple moving average of $35.60. The firm has a market capitalization of $3.26 billion and a P/E ratio of -66.92. 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 for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.90). The firm had revenue of $247.83 million for the quarter. Aura Minerals had a positive return on equity of 93.74% and a negative net margin of 5.55%.The firm’s quarterly revenue was up 58.7% on a year-over-year basis.

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 of this dividend was Monday, November 17th. This represents a $1.92 annualized dividend and a yield of 4.9%. Aura Minerals’s dividend payout ratio (DPR) is presently -325.42%.

Institutional Trading of Aura Minerals

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 valued at approximately $37,000. Shell Asset Management Co. purchased a new stake in Aura Minerals in the 3rd quarter valued at $43,000. Banque Cantonale Vaudoise bought a new position in Aura Minerals during the 3rd quarter valued at $108,000. BNP Paribas Financial Markets purchased a new position in Aura Minerals during the 3rd quarter worth $145,000. Finally, State of Wyoming bought a new stake in shares of Aura Minerals in the 3rd quarter worth $164,000.

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.