Aura Minerals (NASDAQ:AUGO) Reaches New 12-Month High – What’s Next?

Aura Minerals Inc. (NASDAQ:AUGO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.79 and last traded at $46.98, with a volume of 29585 shares changing hands. The stock had previously closed at $46.59.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Bank of America lifted their price objective on Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. The Goldman Sachs Group boosted their price objective 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. Zacks Research lowered shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 8th. Finally, Wall Street Zen raised Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.90.

Aura Minerals Trading Up 1.0%

The company has a market capitalization of $3.89 billion and a P/E ratio of -79.78. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The company’s 50 day simple moving average is $36.82.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings results 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 firm 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%. The firm’s quarterly revenue was up 58.7% on a year-over-year basis.

Aura Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Monday, November 17th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, November 17th. Aura Minerals’s dividend payout ratio is -325.42%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AUGO. Ashoka WhiteOak Capital Pte Ltd purchased a new stake in shares of Aura Minerals in the third quarter worth about $874,000. Diversified Trust Co acquired a new position in Aura Minerals during the 3rd quarter worth approximately $216,000. U S Global Investors Inc. purchased a new position in Aura Minerals in the 3rd quarter worth approximately $3,721,000. North of South Capital LLP acquired a new stake in Aura Minerals in the third quarter valued at approximately $3,088,000. Finally, Teacher Retirement System of Texas acquired a new stake in Aura Minerals in the third quarter valued at approximately $16,744,000.

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.