Jennison Associates LLC Makes New Investment in Aura Minerals Inc. $AUGO

Jennison Associates LLC bought a new stake in shares of Aura Minerals Inc. (NASDAQ:AUGO) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 617,378 shares of the company’s stock, valued at approximately $50,378,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of Aura Minerals in the 4th quarter worth about $25,000. Global Retirement Partners LLC acquired a new position in shares of Aura Minerals in the 4th quarter valued at about $34,000. Quarry LP bought a new stake in shares of Aura Minerals during the 3rd quarter valued at about $37,000. Hollencrest Capital Management grew its position in shares of Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after buying an additional 600 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in Aura Minerals during the third quarter worth about $108,000.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $82.63, for a total value of $4,544,650.00. Following the completion of the transaction, the chief executive officer owned 739,745 shares of the company’s stock, valued at approximately $61,125,129.35. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mauad Bruno Sousa purchased 2,800 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average cost of $64.95 per share, for a total transaction of $181,860.00. Following the completion of the acquisition, the director directly owned 437,765 shares of the company’s stock, valued at approximately $28,432,836.75. This trade represents a 0.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 403,092 shares of company stock worth $30,450,738 over the last 90 days.

Aura Minerals Price Performance

NASDAQ AUGO opened at $50.22 on Monday. Aura Minerals Inc. has a 52 week low of $22.24 and a 52 week high of $110.32. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.21 billion and a price-to-earnings ratio of 46.50. The company has a 50-day moving average price of $65.99 and a two-hundred day moving average price of $72.37.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings results 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 return on equity of 111.96% and a net margin of 7.80%. Analysts forecast that Aura Minerals Inc. will post 6.57 EPS for the current year.

Aura Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were given a $0.78 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 annualized dividend and a yield of 6.2%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s payout ratio is 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.