Aura Minerals (NASDAQ:AUGO) Hits New 52-Week High – What’s Next?

Aura Minerals Inc. (NASDAQ:AUGO)’s share price reached a new 52-week high on Monday . The company traded as high as $52.00 and last traded at $51.50, with a volume of 117463 shares changing hands. The stock had previously closed at $50.04.

Analyst Ratings Changes

AUGO has been the subject of a number of analyst reports. Wall Street Zen raised Aura Minerals from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Zacks Research lowered 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 research report on Monday, December 15th. The Goldman Sachs Group raised their price objective on shares of Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Bank of America upped their target price on shares of Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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 company has a market cap of $4.29 billion and a PE ratio of -87.90. The company’s 50-day simple moving average is $37.96.

Aura Minerals (NASDAQ:AUGO) last released its 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 negative net margin of 5.55% and a positive return on equity of 93.74%. The firm had revenue of $247.83 million during the quarter. The company’s revenue was up 58.7% on a year-over-year basis.

Aura Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Monday, November 17th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, November 17th. Aura Minerals’s dividend payout ratio (DPR) is currently -325.42%.

Institutional Inflows and Outflows

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