Aura Minerals (NASDAQ:AUGO) Hits New 12-Month High – Time to Buy?

Shares of Aura Minerals Inc. (NASDAQ:AUGO) reached a new 52-week high during trading on Monday . The company traded as high as $52.00 and last traded at $51.50, with a volume of 117463 shares. The stock had previously closed at $50.04.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AUGO shares. Wall Street Zen upgraded shares of Aura Minerals from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Bank of America increased their price target on Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 15th. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.90.

Aura Minerals Price Performance

The company has a market cap of $4.29 billion and a price-to-earnings ratio of -87.90. The business’s fifty day moving average is $37.96. 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 issued 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). 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 during the quarter. The business’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. Shareholders of record on Monday, November 17th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, November 17th. Aura Minerals’s payout ratio is presently -325.42%.

Institutional Trading of Aura Minerals

Several large investors have recently modified their holdings of the stock. Artisan Partners Limited Partnership purchased a new position in Aura Minerals during the third quarter worth about $1,819,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Aura Minerals in the third quarter valued at $517,000. Shell Asset Management Co. purchased a new position in shares of Aura Minerals during the 3rd quarter valued at $43,000. Cibc World Market Inc. bought a new position in shares of Aura Minerals during the 3rd quarter worth $2,968,000. Finally, State of Wyoming bought a new stake in Aura Minerals in the 3rd quarter valued at about $164,000.

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.