Oliver Luxxe Assets LLC Makes New $2.38 Million Investment in Aura Minerals Inc. $AUGO

Oliver Luxxe Assets LLC purchased a new stake in shares of Aura Minerals Inc. (NASDAQ:AUGO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 47,132 shares of the company’s stock, valued at approximately $2,376,000.

A number of other institutional investors and hedge funds have also modified their holdings of AUGO. Capital World Investors bought a new stake in shares of Aura Minerals during the 3rd quarter worth $60,284,000. SPX Gestao de Recursos Ltda bought a new position in Aura Minerals in the 3rd quarter worth $29,988,000. JPMorgan Chase & Co. bought a new position in Aura Minerals in the 3rd quarter worth $27,097,000. Bank of America Corp DE acquired a new position in Aura Minerals during the 3rd quarter worth $17,623,000. Finally, Marshall Wace LLP acquired a new position in Aura Minerals during the 3rd quarter worth $17,483,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. Wall Street Zen downgraded Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. JPMorgan Chase & Co. began coverage on Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 target price on the stock. Finally, Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Aura Minerals presently has an average rating of “Buy” and a consensus target price of $67.60.

Aura Minerals Stock Down 8.1%

Aura Minerals stock opened at $61.07 on Friday. The firm has a 50 day moving average price of $72.07. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.97. The firm has a market cap of $5.10 billion and a PE ratio of -58.16. Aura Minerals Inc. has a 12 month low of $15.00 and a 12 month high of $90.19.

Aura Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, March 11th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.3%. Aura Minerals’s payout ratio is currently -251.43%.

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.