Wealth High Governance Capital Ltda Invests $4.30 Million in Aura Minerals Inc. $AUGO

Wealth High Governance Capital Ltda purchased a new stake in Aura Minerals Inc. (NASDAQ:AUGO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 52,666 shares of the company’s stock, valued at approximately $4,298,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AUGO. Bank of America Corp DE grew its stake in Aura Minerals by 42.5% in the first quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after purchasing an additional 291,623 shares during the period. SPX Gestao de Recursos Ltda increased its position in shares of Aura Minerals by 8.8% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock valued at $44,225,000 after acquiring an additional 71,289 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Aura Minerals by 32.7% in the fourth quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock worth $31,439,000 after purchasing an additional 153,828 shares during the last quarter. Jennison Associates LLC purchased a new position in Aura Minerals in the 1st quarter worth about $50,378,000. Finally, William Blair Investment Management LLC lifted its position in Aura Minerals by 9.3% during the fourth quarter. William Blair Investment Management LLC now owns 496,303 shares of the company’s stock valued at $25,021,000 after purchasing an additional 42,091 shares during the period.

Analysts Set New Price Targets

A number of research analysts have weighed in on AUGO shares. Bank of America lowered their target price on Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Zacks Research cut shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings cut shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. lowered their target price on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.27.

Insider Activity at Aura Minerals

In other news, COO Luvizotto Glauber Rosa sold 22,367 shares of Aura Minerals stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $65.27, for a total transaction of $1,459,894.09. Following the completion of the sale, the chief operating officer owned 411,938 shares of the company’s stock, valued at approximately $26,887,193.26. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of Aura Minerals stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $81.43, for a total transaction of $4,885,800.00. Following the sale, the chief executive officer directly owned 794,745 shares of the company’s stock, valued at $64,716,085.35. This represents a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 403,092 shares of company stock valued at $30,450,738.

Aura Minerals Price Performance

NASDAQ AUGO opened at $54.57 on Monday. The firm has a market capitalization of $4.57 billion and a price-to-earnings ratio of 50.53. Aura Minerals Inc. has a 52 week low of $22.24 and a 52 week high of $110.32. The company has a fifty day moving average of $61.53 and a two-hundred day moving average of $72.57. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03.

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. The company 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%. On average, analysts predict that Aura Minerals Inc. will post 5.55 earnings per share for the current year.

Aura Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were issued a $0.78 dividend. The ex-dividend date was Tuesday, May 19th. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.7%. Aura Minerals’s dividend payout ratio (DPR) is currently 288.89%.

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.