JPMorgan Chase & Co. Acquires Shares of 728,228 Aura Minerals Inc. $AUGO

JPMorgan Chase & Co. acquired a new stake in Aura Minerals Inc. (NASDAQ:AUGO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 728,228 shares of the company’s stock, valued at approximately $27,097,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AUGO. Capital World Investors bought a new position in shares of Aura Minerals during the 3rd quarter valued at approximately $60,284,000. SPX Gestao de Recursos Ltda bought a new stake in Aura Minerals in the third quarter worth $29,988,000. Bank of America Corp DE purchased a new position in Aura Minerals during the third quarter worth $17,623,000. Marshall Wace LLP bought a new position in Aura Minerals during the third quarter valued at $17,483,000. Finally, William Blair Investment Management LLC bought a new position in Aura Minerals during the third quarter valued at $16,901,000.

Aura Minerals Stock Performance

AUGO stock opened at $65.44 on Tuesday. Aura Minerals Inc. has a twelve month low of $15.00 and a twelve month high of $90.19. The firm has a market cap of $5.47 billion and a price-to-earnings ratio of -62.32. The business’s fifty day simple moving average is $72.25 and its two-hundred day simple moving average is $51.06. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.17.

Aura Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th were issued a $0.66 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.0%. Aura Minerals’s dividend payout ratio is presently -251.43%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Zacks Research raised shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. started coverage on Aura Minerals in a research report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $67.60.

Insider Buying and Selling

In related news, CEO Rodrigo Cardoso Barbosa sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $65.82, for a total value of $658,200.00. Following the transaction, the chief executive officer owned 859,745 shares of the company’s stock, valued at $56,588,415.90. This trade represents a 1.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.