Sierra Summit Advisors LLC Makes New Investment in Aura Minerals Inc. $AUGO

Sierra Summit Advisors LLC purchased a new stake in Aura Minerals Inc. (NASDAQ:AUGO) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,302 shares of the company’s stock, valued at approximately $841,000.

A number of other institutional investors have also recently bought and sold shares of AUGO. Triumph Capital Management bought a new stake in shares of Aura Minerals during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in shares of Aura Minerals during the fourth quarter worth $34,000. Quarry LP bought a new stake in Aura Minerals in the 3rd quarter valued at $37,000. Hollencrest Capital Management lifted its position in Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after acquiring an additional 600 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Aura Minerals in the 3rd quarter worth $108,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AUGO. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research upgraded Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Insider Buying and Selling at Aura Minerals

In other news, COO Luvizotto Glauber Rosa sold 22,367 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $65.27, for a total value of $1,459,894.09. Following the completion of the transaction, the chief operating officer owned 411,938 shares in the company, valued at $26,887,193.26. This trade represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 dated Monday, May 11th. The shares were sold at an average price of $81.43, for a total value of $4,885,800.00. Following the completion of the sale, the chief executive officer directly owned 794,745 shares in the company, valued at approximately $64,716,085.35. This represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 384,082 shares of company stock valued at $29,210,716.

Aura Minerals Price Performance

NASDAQ AUGO opened at $65.46 on Friday. The firm’s 50 day moving average is $71.37 and its 200-day moving average is $71.66. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $5.48 billion and a PE ratio of 60.61. Aura Minerals Inc. has a 12-month low of $22.24 and a 12-month high of $110.32.

Aura Minerals (NASDAQ:AUGO) last announced its earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. The business had revenue of $382.61 million during the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. Equities research analysts anticipate that Aura Minerals Inc. will post 7.78 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.78 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s dividend payout ratio (DPR) is currently 288.89%.

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.