Oliver Luxxe Assets LLC Cuts Stock Holdings in Aura Minerals Inc. $AUGO

Key Points

• Oliver Luxxe Assets LLC cut its Aura Minerals stake by 34.1% in the second quarter, selling 16,004 shares and retaining 30,893 shares valued at approximately $1.945 million.
• Aura Minerals shares were trading up 13.0% at $74.13, while the company reported quarterly earnings of $2.57 per share on $335.97 million in revenue. It declared a $0.72 quarterly dividend, representing a 3.9% annualized yield.
• Analyst sentiment is mixed: the stock carries a consensus “Hold” rating with an average $79.27 price target, while several firms recently lowered their targets; company insiders also sold more than $30.4 million in shares over the past 90 days.

Oliver Luxxe Assets LLC lowered its stake in shares of Aura Minerals Inc. (NASDAQ:AUGO - Free Report) by 34.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,893 shares of the company's stock after selling 16,004 shares during the quarter. Oliver Luxxe Assets LLC's holdings in Aura Minerals were worth $1,945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Schweiz AG bought a new position in shares of Aura Minerals during the fourth quarter valued at about $13,108,000. Sagil Capital LLP bought a new stake in Aura Minerals in the 4th quarter worth about $7,864,000. Robeco Institutional Asset Management B.V. bought a new stake in Aura Minerals in the 4th quarter worth about $3,892,000. Hussman Strategic Advisors Inc. purchased a new stake in Aura Minerals in the 4th quarter valued at about $1,286,000. Finally, Bleakley Financial Group LLC purchased a new stake in Aura Minerals in the 1st quarter valued at about $2,100,000.

Aura Minerals Trading Up 13.0%

Shares of Aura Minerals stock opened at $74.13 on Friday. The stock has a market capitalization of $6.21 billion and a P/E ratio of 20.94. Aura Minerals Inc. has a 52-week low of $25.12 and a 52-week high of $110.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 1.06. The stock's 50-day simple moving average is $60.41 and its 200 day simple moving average is $72.64.

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

Aura Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.88 annualized dividend and a yield of 3.9%. Aura Minerals's dividend payout ratio (DPR) is 81.36%.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, Director Mauad Bruno Sousa sold 100,000 shares of the business's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $77.48, for a total transaction of $7,748,000.00. Following the sale, the director owned 434,965 shares of the company's stock, valued at $33,701,088.20. The trade was a 18.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the stock in a transaction 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 sale, the chief financial officer owned 118,111 shares in the company, valued at approximately $7,316,976.45. This represents a 33.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 403,092 shares of company stock valued at $30,450,738 over the last 90 days.

Analysts Set New Price Targets

AUGO has been the topic of several recent analyst reports. Zacks Research cut shares of Aura Minerals from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Weiss Ratings raised Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. JPMorgan Chase & Co. decreased their price target on Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Wall Street Zen lowered Aura Minerals from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Bank of America cut their price objective on Aura Minerals from $122.00 to $94.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Aura Minerals presently has an average rating of "Hold" and an average target price of $79.27.

Aura Minerals 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.

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