Aura Minerals (NASDAQ:AUGO) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Aura Minerals (NASDAQ:AUGO) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

AUGO has been the subject of a number of other research reports. The Goldman Sachs Group upped their target price on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. Wall Street Zen cut shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Aura Minerals in a research note on Wednesday, February 25th. They set an “overweight” rating and a $105.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $67.60.

Aura Minerals Price Performance

AUGO opened at $84.21 on Monday. Aura Minerals has a one year low of $14.69 and a one year high of $90.19. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.37. The firm’s 50 day simple moving average is $65.31. The company has a market cap of $7.03 billion and a price-to-earnings ratio of -80.20.

Aura Minerals Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, March 11th. Aura Minerals’s payout ratio is -182.86%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Triumph Capital Management bought a new stake in Aura Minerals during the fourth quarter worth about $25,000. Global Retirement Partners LLC bought a new stake in shares of Aura Minerals in the 4th quarter worth approximately $34,000. Quarry LP purchased a new stake in shares of Aura Minerals in the 3rd quarter worth approximately $37,000. Hollencrest Capital Management grew its stake in shares of Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares during the last quarter. Finally, Shell Asset Management Co. bought a new position in Aura Minerals during the 3rd quarter valued at approximately $43,000.

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.