Public Employees Retirement System of Ohio Makes New Investment in Aura Minerals Inc. $AUGO

Public Employees Retirement System of Ohio bought a new stake in shares of Aura Minerals Inc. (NASDAQ:AUGO) in the 2nd quarter, HoldingsChannel reports. The fund bought 15,269 shares of the company’s stock, valued at approximately $961,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC purchased a new stake in Aura Minerals during the first quarter worth about $50,378,000. Bank of America Corp DE bought a new position in shares of Aura Minerals during the 3rd quarter valued at approximately $17,623,000. Marshall Wace LLP purchased a new stake in shares of Aura Minerals during the 3rd quarter worth approximately $17,483,000. Amundi lifted its stake in Aura Minerals by 319.9% in the fourth quarter. Amundi now owns 428,436 shares of the company’s stock valued at $21,600,000 after purchasing an additional 326,403 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in Aura Minerals during the third quarter valued at $11,963,000.

Insiders Place Their Bets

In related news, CFO Santos Cardoso Joao Kleber Dos sold 7,934 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $80.12, for a total transaction of $635,672.08. Following the transaction, the chief financial officer owned 98,111 shares of the company’s stock, valued at approximately $7,860,653.32. This trade represents a 7.48% 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 the business’s 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 completion of the sale, the chief operating officer directly owned 224,515 shares of the company’s stock, valued at $18,006,103. This represents a 22.37% 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. Over the last quarter, insiders bought 263,011 shares of company stock valued at $22,662,070 and sold 1,327,222 shares valued at $108,817,936.

Aura Minerals Stock Performance

Aura Minerals stock opened at $85.31 on Wednesday. Aura Minerals Inc. has a fifty-two week low of $29.11 and a fifty-two week high of $110.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06. The stock has a market cap of $7.15 billion, a P/E ratio of 24.10 and a beta of 0.28. The firm’s fifty day moving average price is $69.32 and its 200-day moving average price is $74.99.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%.The business had revenue of $335.97 million for the quarter. On average, equities research analysts expect that Aura Minerals Inc. will post 5.5 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. Investors of record on Tuesday, August 18th were given a $0.72 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a yield of 3.4%. Aura Minerals’s payout ratio is presently 81.36%.

Analyst Ratings Changes

A number of brokerages have recently commented on AUGO. Zacks Research cut Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded shares of Aura Minerals from a “buy” rating to a “hold” rating in a research note on Sunday. Bank of America dropped their price target 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. Santander lowered shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $79.27.

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.