Sierra Summit Advisors LLC Buys New Shares in Aura Minerals Inc. $AUGO

Sierra Summit Advisors LLC bought a new position in shares of Aura Minerals Inc. (NASDAQ:AUGO) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,302 shares of the company’s stock, valued at approximately $841,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AUGO. Citigroup Inc. bought a new position in shares of Aura Minerals in the 3rd quarter valued at about $1,997,000. JPMorgan Chase & Co. acquired a new position in shares of Aura Minerals during the 3rd quarter worth about $27,097,000. Diversified Trust Co. raised its holdings in shares of Aura Minerals by 194.8% in the 4th quarter. Diversified Trust Co. now owns 17,100 shares of the company’s stock valued at $862,000 after purchasing an additional 11,300 shares during the period. Capital World Investors bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $60,284,000. Finally, Robeco Schweiz AG acquired a new stake in Aura Minerals in the 4th quarter valued at about $13,108,000.

Aura Minerals Stock Performance

AUGO opened at $65.46 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75. The business has a fifty day simple moving average of $71.37 and a 200 day simple moving average of $71.66. Aura Minerals Inc. has a 1 year low of $22.24 and a 1 year high of $110.32. The company has a market capitalization of $5.48 billion and a PE ratio of 60.61.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.The firm had revenue of $382.61 million for the quarter. Research analysts expect that Aura Minerals Inc. will post 7.78 EPS for the current year.

Aura Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.8%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. Aura Minerals’s dividend payout ratio is currently 288.89%.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, COO Luvizotto Glauber Rosa sold 22,367 shares of Aura Minerals stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $65.27, for a total value of $1,459,894.09. Following the completion of the sale, the chief operating officer owned 411,938 shares in the company, valued at $26,887,193.26. The trade was a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the completion of the sale, the chief financial officer directly owned 118,111 shares of the company’s stock, valued at $7,316,976.45. This represents a 33.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 384,082 shares of company stock valued at $29,210,716.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research raised Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.