Wall Street Zen downgraded Aura Minerals from buy to hold. This rating change follows a second-quarter filing showing Oliver Luxxe Assets LLC reduced its stake by 34.1%. The institutional investor sold 16,004 shares, leaving the firm with just under 31,000 shares.
The company recently reported quarterly earnings of $2.57 per share. Revenue for the period reached $335.97 million. Aura Minerals also declared a quarterly dividend of $0.72 per share.
Market performance remains volatile despite the downgrade, with the stock trading up approximately 13% at the time of the reports. However, company insiders sold more than $30 million in stock over the past three months.