Sheets Smith Wealth Management Buys Shares of 10,242 Aura Minerals Inc. $AUGO

Sheets Smith Wealth Management purchased a new stake in shares of Aura Minerals Inc. (NASDAQ:AUGO) during the first quarter, Holdings Channel reports. The fund purchased 10,242 shares of the company’s stock, valued at approximately $836,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors acquired a new stake in Aura Minerals during the 3rd quarter worth approximately $60,284,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Aura Minerals during the third quarter worth $29,988,000. JPMorgan Chase & Co. acquired a new position in shares of Aura Minerals during the third quarter worth $27,097,000. Bank of America Corp DE bought a new stake in shares of Aura Minerals in the third quarter worth $17,623,000. Finally, Marshall Wace LLP bought a new stake in shares of Aura Minerals in the third quarter worth $17,483,000.

Aura Minerals Price Performance

AUGO stock opened at $63.54 on Monday. The firm has a market cap of $5.32 billion and a price-to-earnings ratio of 58.83. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03. Aura Minerals Inc. has a 12-month low of $22.24 and a 12-month high of $110.32. The company’s fifty day simple moving average is $79.48 and its 200 day simple moving average is $70.44.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings results 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%. On average, analysts expect that Aura Minerals Inc. will post 10.08 earnings per share for the current year.

Aura Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were paid a dividend of $0.78 per share. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. This represents a $3.12 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, May 19th. Aura Minerals’s payout ratio is 288.89%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. 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 price target on the stock. Weiss Ratings cut Aura Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Finally, Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. Three equities research 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.60.

Insider Activity at Aura Minerals

In other Aura Minerals news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $82.63, for a total transaction of $4,544,650.00. Following the transaction, the chief executive officer directly owned 739,745 shares in the company, valued at approximately $61,125,129.35. This represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mauad Bruno Sousa acquired 2,800 shares of Aura Minerals stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of $64.95 per share, with a total value of $181,860.00. Following the transaction, the director owned 437,765 shares in the company, valued at approximately $28,432,836.75. This trade represents a 0.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 295,392 shares of company stock valued at $23,621,436 in the last ninety days.

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.