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

Oliver Luxxe Assets LLC lessened its holdings in Aura Minerals Inc. (NASDAQ:AUGO) by 34.1% during the second quarter, HoldingsChannel reports. 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 reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wealth High Governance Capital Ltda purchased a new stake in Aura Minerals in the first quarter valued at approximately $4,298,000. Wealth High Governance Asset Management Ltda. purchased a new position in Aura Minerals in the 1st quarter worth approximately $3,645,000. Rathbones Group PLC bought a new position in shares of Aura Minerals in the 1st quarter worth $245,000. Bank of America Corp DE increased its holdings in shares of Aura Minerals by 42.5% in the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after buying an additional 291,623 shares during the last quarter. Finally, Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of Aura Minerals during the 1st quarter valued at $306,000.

Wall Street Analysts Forecast Growth

AUGO has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Aura Minerals from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Bank of America cut their price objective on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings raised Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Finally, JPMorgan Chase & Co. cut their target price 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $79.27.

Insider Activity

In other news, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $81.43, for a total transaction of $4,885,800.00. Following the completion of the transaction, the chief executive officer directly owned 794,745 shares of the company’s stock, valued at approximately $64,716,085.35. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mauad Bruno Sousa sold 100,000 shares of the stock in a transaction dated Friday, May 29th. The stock was 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 approximately $33,701,088.20. This represents a 18.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 403,092 shares of company stock worth $30,450,738 over the last ninety days.

Aura Minerals Stock Performance

NASDAQ:AUGO opened at $74.13 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 1.06. Aura Minerals Inc. has a fifty-two week low of $25.12 and a fifty-two week high of $110.32. The firm has a market cap of $6.21 billion and a PE ratio of 20.94. The business has a 50 day moving average price of $60.41 and a 200-day moving average price of $72.64.

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

Aura Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be given a $0.72 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.9%. Aura Minerals’s payout ratio is presently 81.36%.

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.