Florida Financial Advisors LLC Acquires Shares of 29,486 Aura Minerals Inc. $AUGO

Florida Financial Advisors LLC bought a new stake in Aura Minerals Inc. (NASDAQ:AUGO) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 29,486 shares of the company’s stock, valued at approximately $2,406,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in Aura Minerals in the 3rd quarter valued at about $108,000. Legal & General Group Plc purchased a new position in shares of Aura Minerals in the 3rd quarter valued at approximately $317,000. Van ECK Associates Corp purchased a new position in shares of Aura Minerals in the 3rd quarter valued at approximately $1,476,000. BNP Paribas Financial Markets acquired a new position in shares of Aura Minerals in the third quarter valued at approximately $145,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Aura Minerals in the third quarter valued at approximately $3,947,000.

Aura Minerals Stock Down 0.3%

AUGO opened at $50.07 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98. The company has a market cap of $4.20 billion and a price-to-earnings ratio of 46.36. Aura Minerals Inc. has a one year low of $22.24 and a one year high of $110.32. The business’s fifty day moving average is $65.37 and its two-hundred day moving average is $72.36.

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

Aura Minerals Increases Dividend

The firm also recently announced 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. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 annualized dividend and a yield of 6.2%. Aura Minerals’s payout ratio is 288.89%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings downgraded Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research report 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 research note on Thursday, July 9th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Aura Minerals presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.27.

Insider Buying and Selling at Aura Minerals

In other news, COO Luvizotto Glauber Rosa sold 22,367 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 411,938 shares in the company, valued at $26,887,193.26. This represents a 5.15% decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the transaction, the chief financial officer directly owned 118,111 shares of the company’s stock, valued at approximately $7,316,976.45. This trade represents a 33.69% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 403,092 shares of company stock worth $30,450,738.

About Aura Minerals

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.