Aura Minerals (NASDAQ:AUGO) Hits New 1-Year High – Time to Buy?

Shares of Aura Minerals Inc. (NASDAQ:AUGO) reached a new 52-week high on Tuesday . The company traded as high as $64.00 and last traded at $62.77, with a volume of 140473 shares changing hands. The stock had previously closed at $60.22.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. The Goldman Sachs Group lifted their price target on Aura Minerals from $46.60 to $52.80 and gave the stock 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 company a “buy” rating in a research report on Thursday, October 16th. Wall Street Zen downgraded Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Zacks Research upgraded Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $48.90.

Aura Minerals Stock Up 5.3%

The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12. The firm’s 50 day moving average is $46.07. The firm has a market capitalization of $5.24 billion and a PE ratio of -107.44.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.90). The business had revenue of $247.83 million for the quarter. Aura Minerals had a negative net margin of 5.55% and a positive return on equity of 93.74%. Aura Minerals’s revenue was up 58.7% on a year-over-year basis.

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 $0.48 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.0%. Aura Minerals’s dividend payout ratio is presently -325.42%.

Institutional Investors Weigh In On Aura Minerals

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Aura Minerals in the 3rd quarter worth about $37,000. Shell Asset Management Co. purchased a new stake in shares of Aura Minerals in the third quarter valued at approximately $43,000. Banque Cantonale Vaudoise bought a new position in Aura Minerals in the third quarter worth approximately $108,000. BNP Paribas Financial Markets bought a new position in Aura Minerals in the third quarter worth approximately $145,000. Finally, SG Americas Securities LLC purchased a new position in Aura Minerals during the 4th quarter worth $213,000.

Aura Minerals Company Profile

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.