Andra AP fonden Invests $10.55 Million in Aura Minerals Inc. $AUGO

Key Points

• Andra AP fonden acquired a new $10.55 million stake in Aura Minerals during the second quarter, purchasing 167,589 shares and holding approximately 0.20% of the company.
• Several other institutions increased or initiated positions, while Aura Minerals reported quarterly revenue of $335.97 million, EPS of $2.57, and a 23.18% net margin.
• Aura Minerals shares opened at $92.77, above the analyst consensus target of $86.95. Analysts maintain a “Moderate Buy” consensus, while the company pays a $2.88 annualized dividend yielding about 3.1%.

Andra AP fonden bought a new stake in Aura Minerals Inc. (NASDAQ:AUGO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 167,589 shares of the company's stock, valued at approximately $10,550,000. Andra AP fonden owned approximately 0.20% of Aura Minerals at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Aura Minerals by 42.5% during the first quarter. Bank of America Corp DE now owns 977,212 shares of the company's stock worth $79,740,000 after buying an additional 291,623 shares during the last quarter. Jennison Associates LLC acquired a new stake in Aura Minerals in the 1st quarter valued at about $50,378,000. William Blair Investment Management LLC increased its stake in shares of Aura Minerals by 9.3% during the 4th quarter. William Blair Investment Management LLC now owns 496,303 shares of the company's stock worth $25,021,000 after purchasing an additional 42,091 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Aura Minerals by 125.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company's stock valued at $26,241,000 after purchasing an additional 178,730 shares in the last quarter. Finally, Sagil Capital LLP acquired a new stake in Aura Minerals during the fourth quarter worth approximately $7,864,000.

Aura Minerals Price Performance

Shares of Aura Minerals stock opened at $92.77 on Wednesday. The firm's 50-day simple moving average is $74.48 and its 200-day simple moving average is $75.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06. The firm has a market cap of $7.77 billion, a P/E ratio of 26.21 and a beta of 0.28. Aura Minerals Inc. has a twelve month low of $29.11 and a twelve month high of $110.32.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%.The firm had revenue of $335.97 million during the quarter. As a group, research analysts expect that Aura Minerals Inc. will post 5.45 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, August 18th. Aura Minerals's dividend payout ratio (DPR) is 81.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen lowered Aura Minerals from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. JPMorgan Chase & Co. cut their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Zacks Research upgraded Aura Minerals from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. Bank of America dropped their price target on Aura Minerals from $122.00 to $94.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aura Minerals presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.95.

Insiders Place Their Bets

In other Aura Minerals news, Director Mauad Sousa sold 73,925 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $92.40, for a total transaction of $6,830,670.00. Following the transaction, the director directly owned 12,109 shares in the company, valued at approximately $1,118,871.60. This represents a 85.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders bought 263,011 shares of company stock worth $22,662,070 and sold 1,503,442 shares worth $124,687,068.

Aura Minerals Company Profile

Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.

Aura's operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.

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