Robeco Institutional Asset Management B.V. increased its holdings in shares of Aura Minerals Inc. (NASDAQ:AUGO – Free Report) by 145.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,709 shares of the company’s stock after purchasing an additional 76,910 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Aura Minerals were worth $10,206,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Aura Minerals by 522.2% in the third quarter. GAMMA Investing LLC now owns 616 shares of the company’s stock worth $48,000 after purchasing an additional 517 shares in the last quarter. Andra AP fonden acquired a new position in Aura Minerals in the second quarter valued at approximately $10,550,000. Tidal Investments LLC boosted its holdings in shares of Aura Minerals by 56.7% during the 2nd quarter. Tidal Investments LLC now owns 13,305 shares of the company’s stock worth $838,000 after buying an additional 4,816 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Aura Minerals during the 2nd quarter worth approximately $446,000. Finally, Absolute Gestao de Investimentos Ltda. boosted its holdings in shares of Aura Minerals by 1,379.1% during the 2nd quarter. Absolute Gestao de Investimentos Ltda. now owns 55,467 shares of the company’s stock worth $3,492,000 after buying an additional 51,717 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on AUGO shares. Scotiabank assumed coverage on shares of Aura Minerals in a research report on Thursday, September 17th. They set a “sector outperform” rating and a $110.00 price objective for the company. Santander downgraded shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. cut their target price on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Weiss Ratings raised shares of Aura Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 15th. Finally, Zacks Research upgraded shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.95.
Get Our Latest Report on Aura Minerals
Insiders Place Their Bets
In other Aura Minerals news, COO Glauber Luvizotto sold 64,713 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were 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 owned 224,515 shares in the company, valued at approximately $18,006,103. The trade was a 22.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Sousa sold 280,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $81.67, for a total transaction of $22,867,600.00. Following the sale, the director owned 168,765 shares of the company’s stock, valued at $13,783,037.55. This trade represents a 62.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 263,011 shares of company stock worth $22,662,070 and sold 1,568,065 shares worth $133,318,052.
Aura Minerals Stock Down 0.6%
Shares of NASDAQ:AUGO opened at $78.07 on Friday. The business’s 50 day simple moving average is $84.87 and its two-hundred day simple moving average is $76.55. The firm has a market cap of $6.54 billion, a P/E ratio of 22.05, a PEG ratio of 0.22 and a beta of 0.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06. Aura Minerals Inc. has a 52-week low of $29.11 and a 52-week high of $110.32.
Aura Minerals (NASDAQ:AUGO – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The firm had revenue of $335.97 million during the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. As a group, research analysts forecast that Aura Minerals Inc. will post 6.11 EPS 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 issued a $0.72 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.7%. This is a decrease from Aura Minerals’s previous quarterly dividend of $0.78. Aura Minerals’s dividend payout ratio (DPR) is 81.36%.
About Aura Minerals
Aura Minerals Inc is a mining company focused on the exploration, development, and operation of gold, copper, and other precious and base-metal properties in the Americas. The company’s activities span the full mining life cycle, including resource evaluation, mine development, production, processing, and exploration for additional mineral deposits.
Aura’s portfolio has included the Aranzazu copper-gold-silver mine in Zacatecas, Mexico; the San Andrés gold mine in Honduras; and gold operations in Brazil, including the Almas and São Francisco mines.
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