Aura Minerals (NASDAQ:AUGO) Shares Gap Down – What’s Next?

Shares of Aura Minerals Inc. (NASDAQ:AUGO) gapped down before the market opened on Friday . The stock had previously closed at $74.71, but opened at $66.93. Aura Minerals shares last traded at $70.02, with a volume of 176,824 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Bank of America raised their price objective on shares of Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. The Goldman Sachs Group upped their target price on shares of Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Wall Street Zen lowered shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. One research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $48.90.

Aura Minerals Stock Performance

The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68. The firm has a market cap of $5.66 billion and a P/E ratio of -116.02. The firm has a 50-day moving average of $51.46.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.07 earnings per share 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 business had revenue of $247.83 million during the quarter. The company’s revenue for the quarter was up 58.7% compared to the same quarter last year.

Aura Minerals Announces Dividend

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

Hedge Funds Weigh In On Aura Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUGO. Capital World Investors bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $60,284,000. SPX Gestao de Recursos Ltda acquired a new position in Aura Minerals during the third quarter valued at approximately $29,988,000. JPMorgan Chase & Co. bought a new stake in Aura Minerals in the third quarter valued at approximately $27,097,000. Bank of America Corp DE acquired a new stake in Aura Minerals in the third quarter worth $17,623,000. Finally, Marshall Wace LLP bought a new position in shares of Aura Minerals during the third quarter worth $17,483,000.

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.