Cibc World Market Inc. Sells 45,415 Shares of Aura Minerals Inc. $AUGO

Cibc World Market Inc. lowered its stake in Aura Minerals Inc. (NASDAQ:AUGO) by 56.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,671 shares of the company’s stock after selling 45,415 shares during the quarter. Cibc World Market Inc.’s holdings in Aura Minerals were worth $1,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Channing Global Advisors LLC bought a new position in shares of Aura Minerals in the fourth quarter worth about $1,166,000. Norges Bank bought a new position in shares of Aura Minerals in the fourth quarter worth about $6,965,000. Geode Capital Management LLC raised its stake in shares of Aura Minerals by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 96,853 shares of the company’s stock worth $4,883,000 after buying an additional 7,172 shares during the period. Harbour Investments Inc. bought a new position in shares of Aura Minerals in the fourth quarter worth about $183,000. Finally, William Blair Investment Management LLC raised its stake in shares of Aura Minerals by 9.3% in the fourth 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 period.

Wall Street Analyst Weigh In

AUGO has been the topic of several recent research reports. Weiss Ratings downgraded Aura Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. started coverage on Aura Minerals in a research note on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price objective on the stock. Finally, Zacks Research cut Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.60.

Aura Minerals Stock Performance

NASDAQ:AUGO opened at $57.05 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. Aura Minerals Inc. has a 12-month low of $22.24 and a 12-month high of $110.32. The stock has a 50-day moving average price of $83.30 and a 200 day moving average price of $69.08. The stock has a market capitalization of $4.78 billion and a P/E ratio of 52.82.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Wednesday, May 20th. The company reported $999.00 earnings per share (EPS) for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. Equities research analysts forecast that Aura Minerals Inc. will post 10.08 EPS for the current fiscal year.

Aura Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.78 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 annualized dividend and a yield of 5.5%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s dividend payout ratio (DPR) is 288.89%.

Insider Activity at Aura Minerals

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $81.43, for a total transaction of $4,885,800.00. Following the completion of the transaction, the chief executive officer owned 794,745 shares in the company, valued at $64,716,085.35. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mauad Bruno Sousa sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $77.48, for a total value of $7,748,000.00. Following the transaction, the director owned 434,965 shares of the company’s stock, valued at $33,701,088.20. This represents a 18.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 310,392 shares of company stock valued at $24,588,386 in the last 90 days.

Aura Minerals 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.