Aura Minerals (NASDAQ:AUGO) Director Sells 166,000 Shares of Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Sousa sold 166,000 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $90.65, for a total transaction of $15,047,900.00. Following the transaction, the director directly owned 1,041 shares of the company’s stock, valued at $94,366.65. This trade represents a 99.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, September 17th, Mauad Sousa sold 73,925 shares of Aura Minerals stock. The stock was sold at an average price of $92.40, for a total value of $6,830,670.00.
• On Friday, September 11th, Mauad Sousa sold 54,991 shares of Aura Minerals stock. The stock was sold at an average price of $87.40, for a total value of $4,806,213.40.
• On Wednesday, September 9th, Mauad Sousa sold 53,627 shares of Aura Minerals stock. The shares were sold at an average price of $86.61, for a total value of $4,644,634.47.
• On Tuesday, September 1st, Mauad Sousa acquired 1 shares of Aura Minerals stock. The stock was purchased at an average cost of $81.10 per share, for a total transaction of $81.10.
• On Monday, August 31st, Mauad Sousa sold 127,500 shares of Aura Minerals stock. The stock was sold at an average price of $81.20, for a total value of $10,353,000.00.
• On Monday, August 31st, Mauad Sousa bought 10 shares of Aura Minerals stock. The stock was acquired at an average cost of $79.89 per share, with a total value of $798.90.
• On Friday, August 28th, Mauad Sousa sold 157,500 shares of Aura Minerals stock. The shares were sold at an average price of $86.73, for a total transaction of $13,659,975.00.
• On Friday, August 28th, Mauad Sousa acquired 252,000 shares of Aura Minerals stock. The shares were acquired at an average price of $86.48 per share, with a total value of $21,792,960.00.
• On Monday, August 24th, Mauad Sousa sold 120,757 shares of Aura Minerals stock. The stock was sold at an average price of $88.45, for a total transaction of $10,680,956.65.
• On Friday, August 21st, Mauad Sousa sold 222,652 shares of Aura Minerals stock. The stock was sold at an average price of $88.11, for a total transaction of $19,617,867.72.

Aura Minerals Price Performance

Shares of Aura Minerals stock traded down $7.43 during trading hours on Wednesday, reaching $85.34. The company’s stock had a trading volume of 1,419,949 shares, compared to its average volume of 1,001,866. The firm has a 50 day moving average price of $74.48 and a 200-day moving average price of $75.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. The stock has a market cap of $7.15 billion, a P/E ratio of 24.11 and a beta of 0.28. Aura Minerals Inc. has a one year low of $29.11 and a one year high of $110.32.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The firm had revenue of $335.97 million during the quarter. On average, analysts predict that Aura Minerals Inc. will post 5.45 EPS for the current year.

Aura Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were issued a $0.72 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.4%. Aura Minerals’s payout ratio is 81.36%.

Institutional Investors Weigh In On Aura Minerals

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of Aura Minerals by 42.5% during the first 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 in the last quarter. Jennison Associates LLC purchased a new position in Aura Minerals during the 1st quarter worth $50,378,000. William Blair Investment Management LLC raised its position in Aura Minerals by 9.3% during the 4th quarter. William Blair Investment Management LLC now owns 496,303 shares of the company’s stock valued at $25,021,000 after purchasing an additional 42,091 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Aura Minerals by 125.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company’s stock valued at $26,241,000 after purchasing an additional 178,730 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in shares of Aura Minerals in the 2nd quarter worth $10,550,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AUGO shares. Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. JPMorgan Chase & Co. cut 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 report on Thursday, July 16th. Scotiabank initiated coverage on shares of Aura Minerals in a report on Thursday, September 17th. They issued a “sector outperform” rating and a $110.00 target price for the company. Bank of America cut 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. Finally, Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.95.

Aura Minerals Company Profile

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.