Ashoka WhiteOak Capital Pte Ltd Sells 43,370 Shares of Aura Minerals Inc. $AUGO

Ashoka WhiteOak Capital Pte Ltd trimmed its position in Aura Minerals Inc. (NASDAQ:AUGO) by 49.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,660 shares of the company’s stock after selling 43,370 shares during the quarter. Aura Minerals accounts for 1.4% of Ashoka WhiteOak Capital Pte Ltd’s holdings, making the stock its 13th largest holding. Ashoka WhiteOak Capital Pte Ltd’s holdings in Aura Minerals were worth $3,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AUGO. Citigroup Inc. purchased a new position in Aura Minerals during the 3rd quarter valued at about $1,997,000. JPMorgan Chase & Co. bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $27,097,000. William Blair Investment Management LLC purchased a new stake in shares of Aura Minerals in the 3rd quarter worth approximately $16,901,000. Artisan Partners Limited Partnership purchased a new stake in shares of Aura Minerals in the 3rd quarter worth approximately $1,819,000. Finally, Diversified Trust Co. boosted its stake in shares of Aura Minerals by 194.8% during the fourth quarter. Diversified Trust Co. now owns 17,100 shares of the company’s stock valued at $862,000 after purchasing an additional 11,300 shares in the last quarter.

Insider Buying and Selling at Aura Minerals

In other Aura Minerals news, Director Mauad Bruno Sousa purchased 2,800 shares of Aura Minerals stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average cost of $64.95 per share, with a total value of $181,860.00. Following the completion of the transaction, the director owned 437,765 shares in the company, valued at approximately $28,432,836.75. This trade represents a 0.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Luvizotto Glauber Rosa sold 6,323 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $65.22, for a total value of $412,386.06. Following the sale, the chief operating officer owned 434,305 shares of the company’s stock, valued at approximately $28,325,372.10. This represents a 1.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 301,715 shares of company stock worth $24,033,822 over the last three months.

Analysts Set New Price Targets

AUGO has been the topic of several research reports. JPMorgan Chase & Co. began coverage on shares of Aura Minerals in a report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price objective on the stock. Weiss Ratings lowered Aura Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.60.

Aura Minerals Stock Performance

AUGO stock opened at $57.89 on Thursday. The firm has a market cap of $4.85 billion and a price-to-earnings ratio of 53.60. The firm has a 50-day simple moving average of $77.08 and a two-hundred day simple moving average of $70.87. Aura Minerals Inc. has a one year low of $22.24 and a one year high of $110.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings results on Wednesday, May 20th. The company reported $999.00 earnings per share for 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 10.08 EPS for the current fiscal year.

Aura Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 5.4%. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. Aura Minerals’s payout ratio is 288.89%.

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.