Bank of America Corp DE Has $79.74 Million Stock Holdings in Aura Minerals Inc. $AUGO

Key Points

• Bank of America increased its Aura Minerals stake by 42.5% in the first quarter, acquiring 291,623 additional shares. Its 977,212-share position was worth approximately $79.74 million, or 1.17% of the company.
• Aura Minerals reported quarterly revenue of $335.97 million and earnings of $2.57 per share, with a 23.18% net margin and 103.62% return on equity. The company declared a $0.72 quarterly dividend, equivalent to a 3.9% yield, though its payout ratio is high at 88.14%.
• Analyst sentiment is mixed: Bank of America and JPMorgan maintained positive ratings but cut their price targets, while Zacks downgraded the stock to “strong sell.” The overall consensus rating is Hold, with a $79.27 target price versus the reported share price of $74.13.

Bank of America Corp DE increased its stake in Aura Minerals Inc. (NASDAQ:AUGO - Free Report) by 42.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 977,212 shares of the company's stock after acquiring an additional 291,623 shares during the quarter. Bank of America Corp DE owned about 1.17% of Aura Minerals worth $79,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in shares of Aura Minerals in the 4th quarter valued at $25,000. Hollencrest Capital Management boosted its position in Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company's stock valued at $40,000 after acquiring an additional 600 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Aura Minerals during the 4th quarter worth about $34,000. Virtus Advisers LLC raised its position in shares of Aura Minerals by 46.4% in the 4th quarter. Virtus Advisers LLC now owns 2,635 shares of the company's stock worth $133,000 after acquiring an additional 835 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Aura Minerals in the 3rd quarter valued at about $37,000.

Aura Minerals Price Performance

Aura Minerals stock opened at $74.13 on Monday. Aura Minerals Inc. has a 1-year low of $25.12 and a 1-year high of $110.32. The firm has a market capitalization of $6.21 billion and a price-to-earnings ratio of 20.94. The firm's fifty day moving average price is $60.41 and its two-hundred day moving average price is $72.73. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The company had revenue of $335.97 million during the quarter. On average, equities research analysts predict that Aura Minerals Inc. will post 5.55 earnings per share for the current fiscal year.

Aura Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, August 18th. Aura Minerals's payout ratio is currently 88.14%.

Insider Buying and Selling

In other news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the completion of the sale, the chief financial officer directly owned 118,111 shares of the company's stock, valued at $7,316,976.45. This represents a 33.69% decrease in their ownership of the stock. The sale 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 bought 2,800 shares of the company's stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $64.95 per share, for a total transaction of $181,860.00. Following the acquisition, the director directly owned 437,765 shares of the company's stock, valued at approximately $28,432,836.75. This represents a 0.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 343,092 shares of company stock valued at $25,564,938.

Analyst Ratings Changes

Several research firms recently commented on AUGO. Bank of America decreased their target price on Aura Minerals from $122.00 to $94.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Zacks Research downgraded shares of Aura Minerals from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their target price 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. Weiss Ratings raised shares of Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Finally, Wall Street Zen downgraded shares of Aura Minerals from a "buy" rating to a "hold" rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Aura Minerals presently has a consensus rating of "Hold" and a consensus target price of $79.27.

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.

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