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

Shares of Aura Minerals Inc. (NASDAQ:AUGO) gapped down before the market opened on Friday . The stock had previously closed at $74.71, but opened at $66.93. Aura Minerals shares last traded at $70.02, with a volume of 176,824 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Wall Street Zen lowered shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Bank of America lifted 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 raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, The Goldman Sachs Group boosted their price target on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $48.90.

Aura Minerals Stock Down 14.8%

The company has a market cap of $5.26 billion and a P/E ratio of -107.95. The stock’s 50 day moving average is $52.01. 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 announced its quarterly 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). The company 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 business’s revenue was up 58.7% compared to the same quarter last year.

Aura Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Monday, November 17th were given a dividend of $0.48 per share. The ex-dividend date was Monday, November 17th. This represents a $1.92 annualized dividend and a dividend yield of 3.0%. Aura Minerals’s dividend payout ratio is currently -325.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AUGO. Pictet Asset Management Holding SA increased its stake in shares of Aura Minerals by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,074 shares of the company’s stock valued at $558,000 after purchasing an additional 4,659 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in Aura Minerals during the 4th quarter worth $3,892,000. SG Americas Securities LLC bought a new position in shares of Aura Minerals in the fourth quarter worth $213,000. Diversified Trust Co. increased its holdings in shares of Aura Minerals by 194.8% during the fourth quarter. Diversified Trust Co. now owns 17,100 shares of the company’s stock valued at $862,000 after purchasing an additional 11,300 shares during the period. Finally, Oliver Luxxe Assets LLC bought a new stake in shares of Aura Minerals during the fourth quarter valued at about $2,376,000.

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.