Aura Minerals Inc. (NASDAQ:AUGO) Increases Dividend to $0.78 Per Share

Key Points

• Aura Minerals declared a quarterly dividend of $0.78 per share (an 18.2% increase from $0.66), payable May 26 to holders of record May 19, with an annualized yield of about 3.7% (ex-dividend date May 19).
• Shares fell 6.2% to $84.16 on Thursday with 460,276 shares traded (versus average ~960k); the company has a market cap of $7.05 billion, a negative P/E of -80.15, a current ratio of 0.97 and debt/equity of 1.17, and a 12‑month range of $17.98–$110.32.
• Analysts are mixed: three Buys, one Hold and one Sell yield a consensus rating of "Hold" and a $67.60 average price target, though notable firms vary from JPMorgan's "overweight" $105 target to Zacks' recent downgrade to strong sell.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.78 per share on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a 18.2% increase from Aura Minerals's previous quarterly dividend of $0.66.

Aura Minerals Stock Down 6.2%

Shares of NASDAQ AUGO traded down $5.54 during trading on Thursday, reaching $84.16. 460,276 shares of the stock were exchanged, compared to its average volume of 959,972. The business's 50-day moving average price is $85.35 and its 200 day moving average price is $62.43. Aura Minerals has a twelve month low of $17.98 and a twelve month high of $110.32. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $7.05 billion and a price-to-earnings ratio of -80.15.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. Aura Minerals had a positive return on equity of 94.81% and a negative net margin of 8.61%.The firm had revenue of $321.66 million for the quarter. As a group, equities analysts forecast that Aura Minerals will post 12.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Aura Minerals from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. assumed coverage on shares of Aura Minerals in a report on Wednesday, February 25th. They issued an "overweight" rating and a $105.00 price target on the stock. Zacks Research cut shares of Aura Minerals from a "strong-buy" rating to a "strong sell" rating in a report on Monday, April 27th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Aura Minerals in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Aura Minerals currently has an average rating of "Hold" and a consensus price target of $67.60.

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.

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