Sigma Planning Corp Acquires Shares of 10,310 Aura Minerals Inc. $AUGO

Sigma Planning Corp bought a new stake in Aura Minerals Inc. (NASDAQ:AUGO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,310 shares of the company’s stock, valued at approximately $841,000.

A number of other institutional investors have also recently made changes to their positions in the company. SPX Gestao de Recursos Ltda grew its stake in shares of Aura Minerals by 8.8% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock worth $44,225,000 after acquiring an additional 71,289 shares during the period. JPMorgan Chase & Co. purchased a new stake in Aura Minerals during the third quarter valued at about $27,097,000. Marshall Wace LLP boosted its position in Aura Minerals by 32.7% during the fourth quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock worth $31,439,000 after purchasing an additional 153,828 shares during the period. William Blair Investment Management LLC boosted its position in Aura Minerals by 9.3% during the fourth quarter. William Blair Investment Management LLC now owns 496,303 shares of the company’s stock worth $25,021,000 after purchasing an additional 42,091 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Aura Minerals in the third quarter worth about $17,623,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AUGO. Weiss Ratings lowered shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Bank of America reduced their price objective on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. dropped their target price on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.27.

Aura Minerals Stock Performance

Shares of AUGO opened at $50.22 on Monday. Aura Minerals Inc. has a twelve month low of $22.24 and a twelve month high of $110.32. The stock has a market cap of $4.21 billion and a PE ratio of 46.50. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $65.99 and its 200-day moving average price is $72.37.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. The company had revenue of $382.61 million during the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. On average, equities analysts forecast that Aura Minerals Inc. will post 6.57 EPS for the current fiscal year.

Aura Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s payout ratio is 288.89%.

Insider Activity

In related news, CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the sale, the chief financial officer owned 118,111 shares in the company, valued at approximately $7,316,976.45. This trade represents a 33.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of Aura Minerals stock in a transaction on Monday, May 11th. The shares were sold at an average price of $81.43, for a total value of $4,885,800.00. Following the sale, the chief executive officer directly owned 794,745 shares of the company’s stock, valued at $64,716,085.35. This represents a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 403,092 shares of company stock valued at $30,450,738 in the last quarter.

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.