25,000 Aura Minerals Inc. $AUGO Shares Sold by U S Global Investors Inc.

Key Points

• U.S. Global Investors halved its Aura Minerals position in the third quarter, selling 25,000 shares and retaining 25,000 shares valued at approximately $1.97 million.
• Aura Minerals reported quarterly earnings of $2.57 per share on $335.97 million in revenue, while analysts expect full-year EPS of $6.11. The stock recently traded at $78.55, within a 12-month range of $29.11 to $110.32.
• The company reduced its quarterly dividend from $0.78 to $0.72 per share, equivalent to a 3.7% annualized yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $86.95, despite several recent target cuts.

U S Global Investors Inc. cut its position in shares of Aura Minerals Inc. (NASDAQ:AUGO - Free Report) by 50.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company's stock after selling 25,000 shares during the quarter. U S Global Investors Inc.'s holdings in Aura Minerals were worth $1,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Triumph Capital Management grew its stake in Aura Minerals by 32.4% during the 2nd quarter. Triumph Capital Management now owns 596 shares of the company's stock valued at $38,000 after acquiring an additional 146 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Aura Minerals by 522.2% in the 3rd quarter. GAMMA Investing LLC now owns 616 shares of the company's stock valued at $48,000 after purchasing an additional 517 shares during the last quarter. Entropy Technologies LP lifted its position in shares of Aura Minerals by 15.5% in the first quarter. Entropy Technologies LP now owns 8,200 shares of the company's stock worth $669,000 after buying an additional 1,100 shares during the last quarter. AMG Asset Management Group Inc. bought a new stake in Aura Minerals during the third quarter worth approximately $211,000. Finally, Rathbones Group PLC bought a new stake in shares of Aura Minerals during the 1st quarter worth $245,000.

Aura Minerals Price Performance

NASDAQ:AUGO opened at $78.55 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.58 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 0.24 and a beta of 0.48. Aura Minerals Inc. has a 12 month low of $29.11 and a 12 month high of $110.32. The company's 50-day moving average price is $84.83 and its two-hundred day moving average price is $76.54.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. The firm had revenue of $335.97 million for 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 6.11 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, August 18th. This is a decrease from Aura Minerals's previous quarterly dividend of $0.78. Aura Minerals's dividend payout ratio (DPR) is presently 81.36%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Santander lowered Aura Minerals from an "outperform" rating to a "neutral" rating in a report on Monday, August 31st. Bank of America decreased their price target on shares of Aura Minerals from $122.00 to $94.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Zacks Research raised Aura Minerals from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Scotiabank began coverage on Aura Minerals in a research note on Thursday, September 17th. They issued a "sector outperform" rating and a $110.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Aura Minerals presently has an average rating of "Moderate Buy" and an average price target of $86.95.

Insider Buying and Selling

In related news, Director Mauad Sousa sold 166,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $90.65, for a total transaction of $15,047,900.00. Following the sale, the director directly owned 1,041 shares in the company, valued at $94,366.65. This represents a 99.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders purchased 263,011 shares of company stock worth $22,662,070 and sold 1,568,065 shares worth $133,318,052.

Aura Minerals Profile

Aura Minerals Inc is a mining company focused on the exploration, development, and operation of gold, copper, and other precious and base-metal properties in the Americas. The company's activities span the full mining life cycle, including resource evaluation, mine development, production, processing, and exploration for additional mineral deposits.

Aura's portfolio has included the Aranzazu copper-gold-silver mine in Zacatecas, Mexico; the San Andrés gold mine in Honduras; and gold operations in Brazil, including the Almas and São Francisco mines.

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