Aura Minerals Inc. $AUGO Stake Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Aura Minerals Inc. (NASDAQ:AUGO) by 41.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,707 shares of the company’s stock after purchasing an additional 20,472 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Aura Minerals were worth $5,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Triumph Capital Management raised its position in shares of Aura Minerals by 32.4% in the second quarter. Triumph Capital Management now owns 596 shares of the company’s stock valued at $38,000 after buying an additional 146 shares in the last quarter. GAMMA Investing LLC grew its position in Aura Minerals by 522.2% during the third quarter. GAMMA Investing LLC now owns 616 shares of the company’s stock worth $48,000 after buying an additional 517 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new position in Aura Minerals during the 3rd quarter worth $42,000. Entropy Technologies LP increased its stake in Aura Minerals by 15.5% during the 1st quarter. Entropy Technologies LP now owns 8,200 shares of the company’s stock worth $669,000 after acquiring an additional 1,100 shares during the period. Finally, AMG Asset Management Group Inc. acquired a new position in Aura Minerals in the 3rd quarter valued at $211,000.

Insider Transactions at Aura Minerals

In other news, COO Glauber Luvizotto sold 64,713 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $80.20, for a total value of $5,189,982.60. Following the completion of the transaction, the chief operating officer owned 224,515 shares of the company’s stock, valued at approximately $18,006,103. This represents a 22.37% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Sousa sold 280,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 168,765 shares in the company, valued at approximately $13,783,037.55. The trade was a 62.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 263,011 shares of company stock worth $22,662,070 and sold 1,508,065 shares worth $129,112,752.

Aura Minerals Price Performance

NASDAQ AUGO traded up $6.55 on Friday, hitting $77.82. 734,147 shares of the company’s stock were exchanged, compared to its average volume of 861,892. The stock has a 50-day moving average of $82.50 and a 200-day moving average of $75.89. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.19 and a beta of 0.82. Aura Minerals Inc. has a 52 week low of $33.16 and a 52 week high of $110.32. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. The company had revenue of $335.97 million during the quarter. Analysts expect that Aura Minerals Inc. will post 6.11 earnings per share for the current year.

Aura Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Wednesday, November 18th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.88 annualized dividend and a yield of 3.7%. Aura Minerals’s dividend payout ratio (DPR) is 81.36%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AUGO. JPMorgan Chase & Co. cut their target price on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Wall Street Zen raised Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Scotiabank began 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 note on Monday, August 31st. Finally, Weiss Ratings raised shares of Aura Minerals from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.95.

Aura Minerals Company Profile

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.