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

Aura Minerals Inc. (NASDAQ:AUGO) shares saw an uptick in trading volume on Friday . 365,827 shares changed hands during trading, an increase of 61% from the previous session’s volume of 227,370 shares.The stock last traded at $53.42 and had previously closed at $51.77.

Wall Street Analyst Weigh In

AUGO has been the subject of several research analyst reports. Bank of America upped their price objective 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. Zacks Research downgraded shares of Aura Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen raised shares of Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 22nd. Finally, The Goldman Sachs Group boosted their target price on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Aura Minerals presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.90.

Aura Minerals Price Performance

The company’s fifty day moving average is $39.31. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12. The stock has a market cap of $4.47 billion and a price-to-earnings ratio of -91.63.

Aura Minerals (NASDAQ:AUGO) last issued its earnings results 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 business had revenue of $247.83 million during the quarter. The firm’s 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 paid 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 3.6%. Aura Minerals’s payout ratio is -325.42%.

Institutional Investors Weigh In On Aura Minerals

Large investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC acquired a new stake in Aura Minerals in the 3rd quarter worth approximately $730,000. Credit Agricole S A bought a new position in shares of Aura Minerals in the third quarter valued at approximately $1,302,000. Amundi bought a new position in shares of Aura Minerals in the third quarter valued at approximately $3,735,000. Tower Research Capital LLC TRC acquired a new stake in shares of Aura Minerals in the third quarter worth $610,000. Finally, Two Sigma Investments LP bought a new stake in shares of Aura Minerals during the 3rd quarter worth $11,963,000.

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.