Handelsbanken Fonder AB Invests $464,000 in Aura Minerals Inc. $AUGO

Handelsbanken Fonder AB purchased a new position in Aura Minerals Inc. (NASDAQ:AUGO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,200 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital World Investors bought a new stake in Aura Minerals in the 3rd quarter worth about $60,284,000. SPX Gestao de Recursos Ltda bought a new stake in Aura Minerals in the 3rd quarter worth about $29,988,000. JPMorgan Chase & Co. bought a new stake in Aura Minerals in the 3rd quarter worth about $27,097,000. Bank of America Corp DE bought a new stake in Aura Minerals in the 3rd quarter worth about $17,623,000. Finally, Marshall Wace LLP bought a new stake in Aura Minerals in the 3rd quarter worth about $17,483,000.

Aura Minerals Trading Up 1.5%

Aura Minerals stock opened at $75.88 on Friday. The business has a 50-day simple moving average of $83.60 and a two-hundred day simple moving average of $67.39. The company has a market cap of $6.36 billion and a P/E ratio of 70.26. Aura Minerals Inc. has a 52-week low of $22.24 and a 52-week high of $110.32. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 1.03.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings results on Wednesday, May 20th. The company reported $999.00 earnings per share (EPS) for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. Analysts predict that Aura Minerals Inc. will post 10.08 EPS for the current year.

Aura Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.1%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Tuesday, May 19th. Aura Minerals’s dividend payout ratio is 288.89%.

Analysts Set New Price Targets

Several research firms recently commented on AUGO. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. assumed coverage on Aura Minerals in a research note on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price target for the company. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Aura Minerals has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Insider Activity

In related news, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was 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 in the company, valued at approximately $64,716,085.35. The trade was a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mauad Bruno Sousa sold 38,384 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $83.95, for a total transaction of $3,222,336.80. Following the sale, the director owned 576,973 shares in the company, valued at approximately $48,436,883.35. The trade was a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 178,036 shares of company stock worth $14,349,621 in the last ninety days.

Aura Minerals Company 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.