Aura Minerals Inc. $AUGO Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in shares of Aura Minerals Inc. (NASDAQ:AUGO) by 70.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 44,351 shares of the company’s stock after selling 106,279 shares during the quarter. Wellington Management Group LLP’s holdings in Aura Minerals were worth $2,792,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AUGO. Public Employees Retirement System of Ohio purchased a new position in shares of Aura Minerals during the 2nd quarter valued at approximately $961,000. Wealth High Governance Capital Ltda acquired a new stake in Aura Minerals in the first quarter valued at $4,298,000. Wealth High Governance Asset Management Ltda. acquired a new stake in Aura Minerals in the first quarter valued at $3,645,000. Rathbones Group PLC bought a new position in Aura Minerals during the 1st quarter valued at $245,000. Finally, Bank of America Corp DE boosted its stake in Aura Minerals by 42.5% during the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock valued at $79,740,000 after acquiring an additional 291,623 shares during the last quarter.

Wall Street Analyst Weigh In

AUGO has been the subject of several research analyst reports. Bank of America dropped their target price on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wall Street Zen cut shares of Aura Minerals from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Santander downgraded Aura Minerals from an “outperform” rating to a “neutral” rating in a research note on Monday, August 31st. Weiss Ratings raised Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their price objective on Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Aura Minerals has an average rating of “Moderate Buy” and an average price target of $79.27.

Insider Buying and Selling

In other Aura Minerals news, COO Glauber Luvizotto sold 64,713 shares of Aura Minerals stock in a transaction that occurred on Wednesday, August 19th. The stock was 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 directly owned 224,515 shares in the company, valued at $18,006,103. The trade was a 22.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mauad Sousa sold 53,627 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $86.61, for a total value of $4,644,634.47. Following the transaction, the director directly owned 125,031 shares of the company’s stock, valued at $10,828,934.91. This trade represents a 30.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have acquired 263,011 shares of company stock worth $22,662,070 and have sold 1,380,849 shares worth $113,462,571.

Aura Minerals Stock Performance

Aura Minerals stock opened at $86.01 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. Aura Minerals Inc. has a 12 month low of $29.11 and a 12 month high of $110.32. The company has a fifty day moving average price of $70.22 and a two-hundred day moving average price of $75.17. The company has a market cap of $7.21 billion, a PE ratio of 24.30 and a beta of 0.28.

Aura Minerals (NASDAQ:AUGO) last issued its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The company had revenue of $335.97 million for the quarter. Research analysts expect that Aura Minerals Inc. will post 5.38 earnings per share for the current year.

Aura Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, August 18th. Aura Minerals’s dividend payout ratio is currently 81.36%.

About Aura Minerals

Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.

Aura’s operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.