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

Shares of Aura Minerals Inc. (NASDAQ:AUGO) have been assigned a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One investment 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 objective among brokerages that have issued ratings on the stock in the last year is $67.60.

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

Aura Minerals Trading Down 8.1%

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

Aura Minerals Dividend Announcement

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

Institutional Investors Weigh In On Aura Minerals

Several hedge funds have recently added to or reduced their stakes in the business. Capital World Investors bought a new position in Aura Minerals during the third quarter worth $60,284,000. SPX Gestao de Recursos Ltda raised its position in shares of Aura Minerals by 8.8% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock valued at $44,225,000 after purchasing an additional 71,289 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Aura Minerals in the third quarter valued at about $27,097,000. Marshall Wace LLP lifted its stake in shares of Aura Minerals by 32.7% during the 4th quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock worth $31,439,000 after buying an additional 153,828 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Aura Minerals by 9.3% during the 4th quarter. William Blair Investment Management LLC now owns 496,303 shares of the company’s stock worth $25,021,000 after buying an additional 42,091 shares during the last quarter.

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.