Aura Minerals (NASDAQ:AUGO) Cut to Buy at Wall Street Zen

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

A number of other equities research analysts have also recently commented on the stock. Bank of America increased their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, The Goldman Sachs Group boosted their target price on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Aura Minerals presently has a consensus rating of “Buy” and a consensus price target of $48.90.

Aura Minerals Trading Up 4.8%

AUGO opened at $52.42 on Friday. 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 $4.33 billion and a price-to-earnings ratio of -88.85. Aura Minerals has a 12 month low of $11.69 and a 12 month high of $54.30. The stock has a fifty day moving average of $41.35.

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

Aura Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Monday, November 17th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, November 17th. Aura Minerals’s payout ratio is presently -325.42%.

Institutional Investors Weigh In On Aura Minerals

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Aura Minerals in the third quarter valued at approximately $27,097,000. Mirabella Financial Services LLP acquired a new stake in Aura Minerals during the 3rd quarter valued at approximately $2,977,000. Severin Investments LLC purchased a new stake in shares of Aura Minerals in the 3rd quarter valued at $245,000. PharVision Advisers LLC purchased a new stake in shares of Aura Minerals in the 3rd quarter valued at $225,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Aura Minerals in the third quarter worth $5,582,000.

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.