Wellington Management Group LLP Lowers Stock Position in Aura Minerals Inc. $AUGO

Key Points

• Wellington Management cut its Aura Minerals stake by 70.6% in the second quarter, selling 106,279 shares and retaining 44,351 shares valued at approximately $2.8 million.
• Aura Minerals reported quarterly earnings of $2.57 per share on $335.97 million in revenue, while the stock was trading at $86.01 with a market capitalization of about $7.21 billion.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $79.27 price target, although several firms recently lowered their targets or downgraded the stock. Insiders have also been net sellers over the past three months.

Wellington Management Group LLP reduced its position in Aura Minerals Inc. (NASDAQ:AUGO - Free Report) by 70.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,351 shares of the company's stock after selling 106,279 shares during the quarter. Wellington Management Group LLP owned about 0.05% of Aura Minerals worth $2,792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in Aura Minerals during the fourth quarter valued at about $25,000. Global Retirement Partners LLC purchased a new position in shares of Aura Minerals in the 4th quarter worth about $34,000. Hollencrest Capital Management raised its holdings in shares of Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company's stock worth $40,000 after purchasing an additional 600 shares during the period. Quarry LP acquired a new position in shares of Aura Minerals in the 3rd quarter valued at about $37,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Aura Minerals in the 4th quarter valued at about $118,000.

Aura Minerals Price Performance

AUGO stock opened at $86.01 on Friday. The firm has a market cap of $7.21 billion, a P/E ratio of 24.30 and a beta of 0.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06. Aura Minerals Inc. has a 1 year low of $29.11 and a 1 year high of $110.32. The stock has a 50-day simple moving average of $70.22 and a 200-day simple moving average of $75.17.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The firm had revenue of $335.97 million for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. On average, equities analysts predict that Aura Minerals Inc. will post 5.38 earnings per share 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 given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, August 18th. Aura Minerals's payout ratio is presently 81.36%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 7th. Santander cut shares of Aura Minerals from an "outperform" rating to a "neutral" rating in a research report on Monday, August 31st. JPMorgan Chase & Co. decreased their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Bank of America dropped their price objective on shares of Aura Minerals from $122.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of Aura Minerals from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.27.

Insider Activity

In related news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $61.95, for a total transaction 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 approximately $7,316,976.45. This trade represents a 33.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Glauber Luvizotto sold 64,713 shares of Aura Minerals stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $80.20, for a total transaction of $5,189,982.60. Following the sale, the chief operating officer directly owned 224,515 shares in the company, valued at $18,006,103. This trade represents a 22.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders bought 263,011 shares of company stock worth $22,662,070 and sold 1,380,849 shares worth $113,462,571.

Aura Minerals 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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