Wealth High Governance Asset Management Ltda. Makes New Investment in Aura Minerals Inc. $AUGO

Wealth High Governance Asset Management Ltda. purchased a new stake in Aura Minerals Inc. (NASDAQ:AUGO) in the 1st quarter, Holdings Channel.com reports. The fund purchased 44,668 shares of the company’s stock, valued at approximately $3,645,000.

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

Aura Minerals Stock Performance

Aura Minerals stock opened at $54.57 on Monday. The company has a market cap of $4.57 billion and a price-to-earnings ratio of 50.53. Aura Minerals Inc. has a 12 month low of $22.24 and a 12 month high of $110.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75. The stock’s 50-day moving average is $61.53 and its 200-day moving average is $72.57.

Aura Minerals (NASDAQ:AUGO) last issued its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter. The business had revenue of $382.61 million during the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. Equities analysts anticipate 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. Investors of record on Tuesday, May 19th were issued a $0.78 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 annualized dividend and a yield of 5.7%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s payout ratio is currently 288.89%.

Analysts Set New Price Targets

AUGO has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings downgraded shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Zacks Research lowered shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, JPMorgan Chase & Co. decreased their price target 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Aura Minerals presently has a consensus rating of “Hold” and an average price target of $79.27.

Insider Buying and Selling

In other news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were 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. The trade was a 33.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Luvizotto Glauber Rosa sold 19,010 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $65.23, for a total transaction of $1,240,022.30. Following the sale, the chief operating officer directly owned 390,628 shares of the company’s stock, valued at approximately $25,480,664.44. The trade was a 4.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 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.