Walleye Capital LLC lowered its position in Aura Minerals Inc. (NASDAQ:AUGO – Free Report) by 84.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,895 shares of the company’s stock after selling 168,751 shares during the quarter. Walleye Capital LLC’s holdings in Aura Minerals were worth $2,521,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AUGO. Cetera Investment Advisers grew its stake in shares of Aura Minerals by 72.5% during the first quarter. Cetera Investment Advisers now owns 21,493 shares of the company’s stock valued at $1,754,000 after acquiring an additional 9,031 shares in the last quarter. Florida Financial Advisors LLC acquired a new position in shares of Aura Minerals in the first quarter worth about $2,406,000. Crescent Grove Advisors LLC acquired a new position in shares of Aura Minerals in the first quarter worth about $320,000. Jennison Associates LLC purchased a new position in Aura Minerals in the first quarter valued at about $50,378,000. Finally, Sigma Planning Corp purchased a new position in Aura Minerals in the first quarter valued at about $841,000.
Insider Transactions at Aura Minerals
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 stock was sold at an average price of $61.95, for a total transaction of $3,717,000.00. Following the transaction, the chief financial officer directly owned 118,111 shares in the company, valued at $7,316,976.45. This trade represents a 33.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of Aura Minerals stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 739,745 shares of the company’s stock, valued at approximately $61,125,129.35. This represents a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 403,092 shares of company stock valued at $30,450,738.
Aura Minerals Stock Down 1.4%
Aura Minerals (NASDAQ:AUGO – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. The company had revenue of $382.61 million for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. On average, sell-side analysts forecast that Aura Minerals Inc. will post 5.55 earnings per share for the current fiscal year.
Aura Minerals Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 5.7%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s dividend payout ratio is currently 288.89%.
Analysts Set New Price Targets
AUGO has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Zacks Research upgraded Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Bank of America decreased their price target 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, JPMorgan Chase & Co. dropped their price target 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. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.27.
Read Our Latest Research Report on Aura Minerals
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.
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