Cibc World Market Inc. Sells 45,415 Shares of Aura Minerals Inc. $AUGO

Cibc World Market Inc. trimmed its stake in Aura Minerals Inc. (NASDAQ:AUGO) by 56.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,671 shares of the company’s stock after selling 45,415 shares during the quarter. Cibc World Market Inc.’s holdings in Aura Minerals were worth $1,799,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in Aura Minerals in the fourth quarter worth $34,000. Quarry LP bought a new stake in Aura Minerals in the third quarter worth $37,000. Shell Asset Management Co. bought a new stake in Aura Minerals in the third quarter worth $43,000. Banque Cantonale Vaudoise bought a new stake in Aura Minerals in the third quarter worth $108,000. Finally, BNP Paribas Financial Markets bought a new stake in Aura Minerals in the third quarter worth $145,000.

Insiders Place Their Bets

In related news, CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the company’s 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 sale, the chief executive officer owned 739,745 shares in the company, valued at approximately $61,125,129.35. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mauad Bruno Sousa acquired 2,800 shares of Aura Minerals stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $64.95 per share, with a total value of $181,860.00. Following the transaction, the director owned 437,765 shares of the company’s stock, valued at $28,432,836.75. The trade was a 0.64% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 310,392 shares of company stock valued at $24,588,386.

Aura Minerals Trading Down 2.8%

Shares of NASDAQ:AUGO opened at $57.05 on Wednesday. The company has a market cap of $4.78 billion and a P/E ratio of 52.82. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75. Aura Minerals Inc. has a 1 year low of $22.24 and a 1 year high of $110.32. The stock’s fifty day moving average price is $83.30 and its 200-day moving average price is $69.08.

Aura Minerals (NASDAQ:AUGO) last announced 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%. Sell-side analysts expect that Aura Minerals Inc. will post 10.08 earnings per share for the current year.

Aura Minerals Increases Dividend

The company also recently disclosed 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. This represents a $3.12 dividend on an annualized basis and a yield of 5.5%. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. Aura Minerals’s dividend payout ratio (DPR) is currently 288.89%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AUGO shares. Wall Street Zen raised 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 downgraded Aura Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, JPMorgan Chase & Co. started coverage on Aura Minerals in a report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.60.

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.