Navellier & Associates Inc. Purchases New Shares in Aura Minerals Inc. $AUGO

Navellier & Associates Inc. acquired a new stake in Aura Minerals Inc. (NASDAQ:AUGO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,869 shares of the company’s stock, valued at approximately $495,000.

A number of other large investors have also modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of Aura Minerals during the 4th quarter worth about $25,000. Global Retirement Partners LLC purchased a new position in shares of Aura Minerals in the 4th quarter valued at about $34,000. Quarry LP purchased a new position in shares of Aura Minerals in the 3rd quarter valued at about $37,000. Hollencrest Capital Management raised its holdings in Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Aura Minerals in the 3rd quarter worth about $108,000.

Analysts Set New Price Targets

A number of analysts have recently commented on AUGO shares. Zacks Research cut Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. dropped their price target on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Bank of America cut their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $79.27.

Aura Minerals Price Performance

Aura Minerals stock opened at $84.53 on Friday. Aura Minerals Inc. has a 52-week low of $28.25 and a 52-week high of $110.32. The firm has a market capitalization of $7.08 billion and a price-to-earnings ratio of 23.88. The company has a fifty day simple moving average of $66.24 and a 200-day simple moving average of $74.32. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82.

Aura Minerals (NASDAQ:AUGO) last issued its earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The business had revenue of $335.97 million during the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. On average, equities analysts anticipate that Aura Minerals Inc. will post 5.5 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued a $0.72 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a yield of 3.4%. Aura Minerals’s dividend payout ratio is presently 81.36%.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, CFO Santos Cardoso Joao Kleber Dos sold 7,934 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $80.12, for a total value of $635,672.08. Following the transaction, the chief financial officer directly owned 98,111 shares of the company’s stock, valued at $7,860,653.32. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Bruno Sousa sold 120,757 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $88.45, for a total value of $10,680,956.65. Following the transaction, the director owned 75,356 shares in the company, valued at approximately $6,665,238.20. This represents a 61.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,042,222 shares of company stock worth $84,804,962.

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.