Aura Minerals Inc.’s (NASDAQ:AUGO) Lock-Up Period To End on January 12th

Aura Minerals’ (NASDAQ:AUGO) lock-up period will expire on Monday, January 12th. Aura Minerals had issued 8,100,510 shares in its IPO on July 16th. The total size of the offering was $196,437,368 based on an initial share price of $24.25. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AUGO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. Bank of America lifted their price target on Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. 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. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Wall Street Zen lowered Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Aura Minerals presently has an average rating of “Buy” and a consensus price target of $48.90.

Aura Minerals Price Performance

Shares of NASDAQ AUGO opened at $50.00 on Monday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.83. The firm has a 50-day moving average of $40.92. The company has a market cap of $4.13 billion and a PE ratio of -84.75. Aura Minerals has a fifty-two week low of $11.69 and a fifty-two week high of $54.30.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share (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 company had revenue of $247.83 million for the quarter. The business’s revenue for the quarter was up 58.7% on a year-over-year basis.

Aura Minerals Announces Dividend

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

Institutional Investors Weigh In On Aura Minerals

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