Aura Minerals (NASDAQ:AUGO) Shares Gap Down – Here’s What Happened

Shares of Aura Minerals Inc. (NASDAQ:AUGO) gapped down prior to trading on Wednesday . The stock had previously closed at $78.89, but opened at $75.26. Aura Minerals shares last traded at $74.1590, with a volume of 96,573 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price 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. JPMorgan Chase & Co. assumed coverage on shares of Aura Minerals in a research report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price target for the company. Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Finally, Wall Street Zen lowered Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $67.60.

Aura Minerals Stock Performance

The company’s 50 day simple moving average is $71.91. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a market cap of $5.55 billion and a P/E ratio of -63.30.

Aura Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were given a $0.66 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 dividend on an annualized basis and a yield of 4.0%. Aura Minerals’s payout ratio is -251.43%.

Institutional Trading of Aura Minerals

Several hedge funds have recently modified their holdings of AUGO. Triumph Capital Management acquired a new position in shares of Aura Minerals in the 4th quarter worth approximately $25,000. Global Retirement Partners LLC bought a new stake in Aura Minerals during the 4th quarter worth approximately $34,000. Hollencrest Capital Management increased its holdings in Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after purchasing an additional 600 shares in the last quarter. Quarry LP acquired a new stake in Aura Minerals during the 3rd quarter valued at $37,000. Finally, Shell Asset Management Co. bought a new position in Aura Minerals in the 3rd quarter valued at $43,000.

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.