Aura Minerals (NASDAQ:AUGO) Director Sells $22,867,600.00 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa sold 280,000 shares of Aura Minerals 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 sale, the director owned 168,765 shares of the company’s stock, valued at approximately $13,783,037.55. The trade was a 62.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Mauad Bruno Sousa also recently made the following trade(s):

• On Monday, August 17th, Mauad Bruno Sousa acquired 11,000 shares of Aura Minerals stock. The stock was acquired at an average cost of $78.93 per share, for a total transaction of $868,230.00.
• On Wednesday, June 3rd, Mauad Bruno Sousa acquired 2,800 shares of Aura Minerals stock. The stock was acquired at an average price of $64.95 per share, for a total transaction of $181,860.00.
• On Friday, May 29th, Mauad Bruno Sousa sold 100,000 shares of Aura Minerals stock. The stock was sold at an average price of $77.48, for a total transaction of $7,748,000.00.
• On Thursday, May 28th, Mauad Bruno Sousa sold 32,356 shares of Aura Minerals stock. The stock was sold at an average price of $76.98, for a total transaction of $2,490,764.88.
• On Wednesday, May 27th, Mauad Bruno Sousa sold 9,652 shares of Aura Minerals stock. The shares were sold at an average price of $75.62, for a total transaction of $729,884.24.

Aura Minerals Price Performance

NASDAQ:AUGO opened at $87.26 on Friday. The firm’s fifty day moving average is $63.93 and its two-hundred day moving average is $73.47. The firm has a market cap of $7.31 billion and a price-to-earnings ratio of 24.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06. Aura Minerals Inc. has a one year low of $27.16 and a one year high of $110.32.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. The business had revenue of $335.97 million during the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. Research analysts expect that Aura Minerals Inc. will post 5.55 EPS for the current year.

Aura Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Aura Minerals’s dividend payout ratio (DPR) is 81.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AUGO. Wall Street Zen downgraded Aura Minerals from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. dropped their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Zacks Research lowered shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. Finally, Bank of America lowered their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $79.27.

Hedge Funds Weigh In On Aura Minerals

Hedge funds have recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in Aura Minerals in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new position in shares of Aura Minerals during the 4th quarter valued at approximately $34,000. Quarry LP purchased a new position in shares of Aura Minerals during the 3rd quarter valued at approximately $37,000. Hollencrest Capital Management grew its stake in Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after acquiring an additional 600 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Aura Minerals in the 3rd quarter valued at $108,000.

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.