Aura Minerals (NASDAQ:AUGO) Director Mauad Bruno Sousa Acquires 11,000 Shares of Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa acquired 11,000 shares of the stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $78.93 per share, for a total transaction of $868,230.00. Following the purchase, the director directly owned 448,765 shares in the company, valued at approximately $35,421,021.45. The trade was a 2.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, June 3rd, Mauad Bruno Sousa bought 2,800 shares of Aura Minerals stock. The shares were acquired at an average price of $64.95 per share, with a total value 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 value of $7,748,000.00.
• On Thursday, May 28th, Mauad Bruno Sousa sold 32,356 shares of Aura Minerals stock. The shares were sold at an average price of $76.98, for a total value 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 value of $729,884.24.

Aura Minerals Trading Down 2.9%

NASDAQ:AUGO opened at $76.24 on Wednesday. The stock has a fifty day simple moving average of $62.17 and a 200 day simple moving average of $73.13. The firm has a market capitalization of $6.39 billion and a price-to-earnings ratio of 21.54. Aura Minerals Inc. has a 1-year low of $26.63 and a 1-year high of $110.32. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82.

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

Aura Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a yield of 3.8%. Aura Minerals’s dividend payout ratio (DPR) is currently 88.14%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Aura Minerals

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC acquired a new stake in Aura Minerals during the first quarter valued at $50,378,000. Bank of America Corp DE acquired a new position in Aura Minerals in the 3rd quarter worth about $17,623,000. Marshall Wace LLP acquired a new position in Aura Minerals in the 3rd quarter worth about $17,483,000. Amundi raised its stake in shares of Aura Minerals by 319.9% during the 4th quarter. Amundi now owns 428,436 shares of the company’s stock worth $21,600,000 after purchasing an additional 326,403 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of Aura Minerals during the 3rd quarter valued at about $11,963,000.

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.