Aura Minerals (NASDAQ:AUGO) Upgraded at Wall Street Zen

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

Other analysts have also recently issued research reports about the stock. Bank of America increased their price objective 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. The Goldman Sachs Group upped their price objective on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Zacks Research downgraded shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 1st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Aura Minerals has an average rating of “Moderate Buy” and a consensus price target of $48.90.

Aura Minerals Price Performance

Shares of AUGO stock opened at $40.38 on Friday. 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 has a fifty day moving average price of $36.20. The firm has a market cap of $3.34 billion and a price-to-earnings ratio of -68.44. Aura Minerals has a 12 month low of $11.69 and a 12 month high of $43.33.

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 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 for the quarter. Aura Minerals’s quarterly revenue was up 58.7% compared to the same quarter last year.

Aura Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Monday, November 17th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, November 17th. Aura Minerals’s payout ratio is currently -325.42%.

Hedge Funds Weigh In On Aura Minerals

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