Aura Minerals (NASDAQ:AUGO) Sees Unusually-High Trading Volume – What’s Next?

Aura Minerals Inc. (NASDAQ:AUGO) saw unusually-strong trading volume on Monday . Approximately 245,876 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 199,145 shares.The stock last traded at $42.68 and had previously closed at $41.22.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Saturday. The Goldman Sachs Group boosted their price target on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Bank of America upped their price target on Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Zacks Research cut shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.90.

Aura Minerals Stock Up 0.7%

The business has a 50 day moving average of $36.14. The company has a market capitalization of $3.43 billion and a P/E ratio of -70.37. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.07 EPS 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 firm had revenue of $247.83 million for the quarter. The firm’s revenue for the quarter was up 58.7% compared to the same quarter last year.

Aura Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Monday, November 17th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, November 17th. Aura Minerals’s dividend payout ratio is presently -325.42%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Capital World Investors purchased a new stake in Aura Minerals in the 3rd quarter valued at about $60,284,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Aura Minerals in the third quarter valued at approximately $29,988,000. JPMorgan Chase & Co. purchased a new stake in shares of Aura Minerals in the third quarter valued at approximately $27,097,000. Bank of America Corp DE bought a new position in Aura Minerals in the third quarter worth approximately $17,623,000. Finally, Marshall Wace LLP purchased a new position in Aura Minerals during the 3rd quarter worth $17,483,000.

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.