Aura Minerals (NASDAQ:AUGO) Upgraded by Wall Street Zen to Strong-Buy Rating

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

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group upped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 1st. Bank of America increased their target price on shares of Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Zacks Research downgraded shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Aura Minerals presently has a consensus rating of “Moderate Buy” and an average target price of $48.90.

Aura Minerals Stock Down 0.9%

NASDAQ AUGO opened at $41.22 on Friday. Aura Minerals has a 52 week low of $11.69 and a 52 week high of $42.44. The stock has a market cap of $3.41 billion and a price-to-earnings ratio of -69.86. 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 $36.14.

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

Aura Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Monday, November 17th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.7%. The ex-dividend date was Monday, November 17th. Aura Minerals’s dividend payout ratio is presently -325.42%.

Institutional Trading of Aura Minerals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp purchased a new position in shares of Aura Minerals during the third quarter valued at about $1,476,000. Credit Agricole S A purchased a new stake in shares of Aura Minerals in the third quarter worth about $1,302,000. Severin Investments LLC bought a new position in Aura Minerals during the third quarter valued at approximately $245,000. Banque Cantonale Vaudoise purchased a new position in Aura Minerals during the 3rd quarter valued at approximately $108,000. Finally, BNP Paribas Financial Markets bought a new stake in Aura Minerals in the 3rd quarter worth approximately $145,000.

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.