Aura Minerals Inc. (NASDAQ:AUGO) Receives Average Recommendation of “Buy” from Analysts

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have been assigned an average rating of “Buy” from the five ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $67.60.

A number of research analysts recently issued reports on AUGO shares. The Goldman Sachs Group increased their price objective on Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. started coverage on shares of Aura Minerals in a research report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price objective on the stock.

Hedge Funds Weigh In On Aura Minerals

A number of large investors have recently modified their holdings of the business. Citigroup Inc. acquired a new stake in shares of Aura Minerals in the third quarter valued at about $1,997,000. JPMorgan Chase & Co. acquired a new position in Aura Minerals during the third quarter valued at approximately $27,097,000. Artisan Partners Limited Partnership bought a new position in Aura Minerals in the third quarter valued at approximately $1,819,000. U S Global Investors Inc. bought a new position in Aura Minerals in the third quarter valued at approximately $3,721,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $1,532,000.

Aura Minerals Price Performance

AUGO opened at $61.07 on Friday. The firm has a market cap of $5.10 billion and a P/E ratio of -58.16. The firm has a 50-day moving average price of $72.07. Aura Minerals has a 1 year low of $15.00 and a 1 year high of $90.19. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.97 and a quick ratio of 0.75.

Aura Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 11th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.3%. The ex-dividend date was Wednesday, March 11th. Aura Minerals’s payout ratio is presently -251.43%.

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.