Bleakley Financial Group LLC Makes New $2.10 Million Investment in Aura Minerals Inc. $AUGO

Bleakley Financial Group LLC purchased a new position in shares of Aura Minerals Inc. (NASDAQ:AUGO) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 25,733 shares of the company’s stock, valued at approximately $2,100,000.

A number of other hedge funds have also recently modified their holdings of the business. Banque Cantonale Vaudoise bought a new stake in shares of Aura Minerals during the 3rd quarter valued at $108,000. Legal & General Group Plc bought a new position in Aura Minerals in the 3rd quarter worth $317,000. Van ECK Associates Corp purchased a new position in Aura Minerals during the third quarter valued at $1,476,000. BNP Paribas Financial Markets purchased a new position in Aura Minerals during the third quarter valued at $145,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Aura Minerals during the third quarter valued at about $3,947,000.

Insider Transactions at Aura Minerals

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $82.63, for a total transaction of $4,544,650.00. Following the completion of the transaction, the chief executive officer owned 739,745 shares in the company, valued at $61,125,129.35. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of Aura Minerals stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the completion of the sale, the chief financial officer directly owned 118,111 shares in the company, valued at approximately $7,316,976.45. The trade was 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. Insiders have sold a total of 403,092 shares of company stock valued at $30,450,738 over the last three months.

Aura Minerals Stock Performance

AUGO opened at $50.26 on Friday. The stock has a market capitalization of $4.21 billion and a price-to-earnings ratio of 46.54. The company has a fifty day moving average of $66.63 and a 200 day moving average of $72.37. Aura Minerals Inc. has a fifty-two week low of $22.24 and a fifty-two week high of $110.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. The business had revenue of $382.61 million for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. As a group, sell-side analysts forecast that Aura Minerals Inc. will post 6.57 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.2%. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Tuesday, May 19th. Aura Minerals’s payout ratio is presently 288.89%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Bank of America reduced their target price on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Zacks Research upgraded shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.27.

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.