Aura Minerals Inc.’s (NASDAQ:AUGO) Lock-Up Period Will Expire on January 12th

Aura Minerals’ (NASDAQ:AUGO) lock-up period is set to expire on Monday, January 12th. Aura Minerals had issued 8,100,510 shares in its IPO on July 16th. The total size of the offering was $196,437,368 based on an initial share price of $24.25. After the end of Aura Minerals’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group increased their target price on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Bank of America upped their price objective on Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research raised shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $48.90.

Aura Minerals Price Performance

Shares of AUGO stock opened at $53.21 on Wednesday. The stock’s fifty day simple moving average is $41.81. Aura Minerals has a 1-year low of $11.69 and a 1-year high of $55.40. The stock has a market cap of $4.40 billion and a P/E ratio of -90.19. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68.

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

Aura Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Monday, November 17th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, November 17th. Aura Minerals’s payout ratio is currently -325.42%.

Institutional Investors Weigh In On Aura Minerals

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $37,000. Shell Asset Management Co. acquired a new position in shares of Aura Minerals in the third quarter valued at about $43,000. Banque Cantonale Vaudoise purchased a new position in shares of Aura Minerals in the third quarter worth about $108,000. BNP Paribas Financial Markets purchased a new position in shares of Aura Minerals in the third quarter worth about $145,000. Finally, State of Wyoming acquired a new stake in shares of Aura Minerals during the third quarter worth about $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. 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.