HighTower Advisors LLC Purchases New Position in Aura Minerals Inc. $AUGO

HighTower Advisors LLC purchased a new stake in Aura Minerals Inc. (NASDAQ:AUGO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,846 shares of the company’s stock, valued at approximately $849,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AUGO. Citigroup Inc. acquired a new stake in Aura Minerals in the 3rd quarter valued at approximately $1,997,000. JPMorgan Chase & Co. acquired a new stake in Aura Minerals in the 3rd quarter valued at approximately $27,097,000. William Blair Investment Management LLC acquired a new stake in Aura Minerals in the 3rd quarter valued at approximately $16,901,000. Artisan Partners Limited Partnership acquired a new stake in Aura Minerals in the 3rd quarter valued at approximately $1,819,000. Finally, Capital World Investors acquired a new stake in Aura Minerals in the 3rd quarter valued at approximately $60,284,000.

Aura Minerals Stock Performance

AUGO opened at $60.40 on Friday. Aura Minerals Inc. has a 1-year low of $22.24 and a 1-year high of $110.32. The business has a 50 day moving average price of $83.72 and a two-hundred day moving average price of $68.53. The company has a market capitalization of $5.06 billion and a price-to-earnings ratio of 55.93. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings data on Wednesday, May 20th. The company reported $999.00 earnings per share for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. Research analysts predict that Aura Minerals Inc. will post 10.08 EPS for the current fiscal year.

Aura Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Tuesday, May 19th. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s payout ratio is presently 288.89%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AUGO shares. JPMorgan Chase & Co. initiated coverage on Aura Minerals in a research report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 target price on the stock. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Insiders Place Their Bets

In related news, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of Aura Minerals stock in a transaction on Monday, May 11th. The stock was sold at an average price of $81.43, for a total value of $4,885,800.00. Following the transaction, the chief executive officer directly owned 794,745 shares in the company, valued at $64,716,085.35. The trade was a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mauad Bruno Sousa sold 100,000 shares of Aura Minerals stock in a transaction on Friday, May 29th. The stock was sold at an average price of $77.48, for a total value of $7,748,000.00. Following the completion of the transaction, the director owned 434,965 shares in the company, valued at $33,701,088.20. The trade was a 18.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 310,392 shares of company stock worth $24,588,386 over the last 90 days.

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.