Navellier & Associates Inc. Takes Position in Aura Minerals Inc. $AUGO

Navellier & Associates Inc. acquired a new stake in Aura Minerals Inc. (NASDAQ:AUGO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,869 shares of the company’s stock, valued at approximately $495,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC purchased a new position in Aura Minerals during the first quarter worth about $50,378,000. Bank of America Corp DE purchased a new stake in shares of Aura Minerals in the 3rd quarter valued at approximately $17,623,000. Marshall Wace LLP purchased a new stake in shares of Aura Minerals in the 3rd quarter valued at approximately $17,483,000. Amundi increased its holdings in shares of Aura Minerals by 319.9% during the 4th quarter. Amundi now owns 428,436 shares of the company’s stock worth $21,600,000 after buying an additional 326,403 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of Aura Minerals during the 3rd quarter worth approximately $11,963,000.

Aura Minerals Stock Performance

Shares of AUGO stock opened at $84.53 on Friday. The firm has a 50 day moving average of $66.24 and a two-hundred day moving average of $74.32. The stock has a market capitalization of $7.08 billion and a PE ratio of 23.88. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. Aura Minerals Inc. has a 52 week low of $28.25 and a 52 week high of $110.32.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. The business had revenue of $335.97 million for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. On average, research analysts predict that Aura Minerals Inc. will post 5.5 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued a dividend of $0.72 per share. The ex-dividend date was Tuesday, August 18th. This represents a $2.88 annualized dividend and a yield of 3.4%. Aura Minerals’s dividend payout ratio is 81.36%.

Insider Buying and Selling at Aura Minerals

In other news, CFO Santos Cardoso Joao Kleber Dos sold 7,934 shares of Aura Minerals stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $80.12, for a total value of $635,672.08. Following the completion of the transaction, the chief financial officer owned 98,111 shares in the company, valued at approximately $7,860,653.32. This trade represents a 7.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Luvizotto Glauber Rosa sold 64,713 shares of Aura Minerals stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $80.20, for a total value of $5,189,982.60. Following the completion of the transaction, the chief operating officer owned 224,515 shares of the company’s stock, valued at $18,006,103. The trade was a 22.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,042,222 shares of company stock valued at $84,804,962 in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research lowered shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Bank of America lowered their price objective on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings raised Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. decreased their price target on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.27.

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.