Aura Minerals (NASDAQ:AUGO) Hits New 52-Week High – Time to Buy?

Aura Minerals Inc. (NASDAQ:AUGO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $72.89 and last traded at $72.42, with a volume of 100741 shares. The stock had previously closed at $68.30.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. The Goldman Sachs Group boosted their price target on shares of Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Bank of America boosted their target price on Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Aura Minerals presently has a consensus rating of “Buy” and an average target price of $48.90.

Aura Minerals Price Performance

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 firm’s 50-day moving average is $49.94. The firm has a market cap of $5.97 billion and a price-to-earnings ratio of -122.49.

Aura Minerals (NASDAQ:AUGO) last announced its 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 positive return on equity of 93.74% and a negative net margin of 5.55%.The company’s revenue for the quarter was up 58.7% on a year-over-year basis.

Aura Minerals Dividend Announcement

The business also recently declared 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 dividend yield of 2.7%. The ex-dividend date was Monday, November 17th. Aura Minerals’s dividend payout ratio (DPR) is -325.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Aura Minerals during the third quarter worth about $37,000. Shell Asset Management Co. acquired a new position in Aura Minerals during the 3rd quarter worth approximately $43,000. Banque Cantonale Vaudoise acquired a new position in Aura Minerals during the 3rd quarter worth approximately $108,000. BNP Paribas Financial Markets purchased a new position in Aura Minerals in the 3rd quarter worth approximately $145,000. Finally, State of Wyoming purchased a new stake in shares of Aura Minerals during the third quarter valued at approximately $164,000.

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. 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.