Renaissance Technologies LLC Lowers Stock Position in Aura Minerals Inc. $AUGO

Key Points

• Renaissance Technologies cut its Aura Minerals stake by 78.4% in the first quarter, selling 22,657 shares and retaining 6,242 shares valued at approximately $505,000.
• Company insiders sold 359,708 shares worth $25.75 million over the past 90 days, including substantial sales by the COO and CFO under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment is mixed: Aura Minerals has a consensus “Hold” rating and a $79.27 target price, while the stock recently traded at $78.54. The company reported $2.57 in quarterly EPS, $335.97 million in revenue, and a 3.7% dividend yield.

Renaissance Technologies LLC cut its stake in shares of Aura Minerals Inc. (NASDAQ:AUGO - Free Report) by 78.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,242 shares of the company's stock after selling 22,657 shares during the quarter. Renaissance Technologies LLC's holdings in Aura Minerals were worth $505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in Aura Minerals during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in shares of Aura Minerals in the fourth quarter worth approximately $34,000. Quarry LP bought a new position in shares of Aura Minerals in the third quarter worth approximately $37,000. Hollencrest Capital Management increased its stake in shares of Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company's stock worth $40,000 after purchasing an additional 600 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Aura Minerals in the third quarter worth $108,000.

Insider Activity

In other news, COO Luvizotto Glauber Rosa sold 50,000 shares of Aura Minerals stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.02, for a total value of $3,751,000.00. Following the sale, the chief operating officer directly owned 290,628 shares of the company's stock, valued at approximately $21,802,912.56. The trade was a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the business's stock in a transaction dated 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 owned 118,111 shares in the company, valued at $7,316,976.45. This represents a 33.69% decrease in their ownership of the stock. 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 sold a total of 359,708 shares of company stock worth $25,754,252 over the last 90 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AUGO shares. Bank of America lowered their target price 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. Wall Street Zen lowered Aura Minerals from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research cut Aura Minerals from a "hold" rating to a "strong sell" rating in a 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. Finally, JPMorgan Chase & Co. dropped their price objective on Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Aura Minerals currently has a consensus rating of "Hold" and a consensus target price of $79.27.

Aura Minerals Trading Up 3.3%

Aura Minerals stock opened at $78.54 on Tuesday. Aura Minerals Inc. has a 1 year low of $26.63 and a 1 year high of $110.32. The firm's 50 day moving average price is $61.78 and its 200-day moving average price is $73.11. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. The stock has a market cap of $6.58 billion and a P/E ratio of 22.19.

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. The firm 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 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 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, August 18th. Aura Minerals's dividend payout ratio is 81.36%.

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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