Aura Minerals (NASDAQ:AUGO) Shares Gap Down – Time to Sell?

Aura Minerals Inc. (NASDAQ:AUGO) gapped down before the market opened on Monday . The stock had previously closed at $54.06, but opened at $51.08. Aura Minerals shares last traded at $50.51, with a volume of 206,304 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on AUGO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 22nd. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. The Goldman Sachs Group increased their target price on shares of 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 lifted their price objective on Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Wall Street Zen upgraded Aura Minerals from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.90.

Aura Minerals Trading Down 7.6%

The company has a 50-day moving average of $39.31. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68. The firm has a market cap of $4.13 billion and a PE ratio of -84.63.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.90). Aura Minerals had a negative net margin of 5.55% and a positive return on equity of 93.74%. The company had revenue of $247.83 million for the quarter. The firm’s quarterly revenue was up 58.7% compared to the same quarter last year.

Aura Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Monday, November 17th were given a $0.48 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. Aura Minerals’s dividend payout ratio (DPR) is currently -325.42%.

Institutional Investors Weigh In On Aura Minerals

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Aura Minerals in the third quarter valued at $37,000. Shell Asset Management Co. bought a new position in shares of Aura Minerals during the third quarter worth about $43,000. Banque Cantonale Vaudoise acquired a new position in shares of Aura Minerals in the third quarter worth approximately $108,000. BNP Paribas Financial Markets bought a new stake in Aura Minerals in the third quarter valued at approximately $145,000. Finally, State of Wyoming acquired a new stake in Aura Minerals during the 3rd quarter valued at approximately $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.