Aura Minerals (NASDAQ:AUGO) Director Mauad Bruno Sousa Sells 280,000 Shares of Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa sold 280,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 168,765 shares in the company, valued at $13,783,037.55. The trade was a 62.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, August 17th, Mauad Bruno Sousa bought 11,000 shares of Aura Minerals stock. The shares were purchased at an average cost of $78.93 per share, with a total value of $868,230.00.
• On Wednesday, June 3rd, Mauad Bruno Sousa bought 2,800 shares of Aura Minerals stock. The shares were purchased at an average cost 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 shares were 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 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 Up 2.0%

Aura Minerals stock opened at $86.69 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 1.06. The business’s 50-day simple moving average is $63.40 and its 200-day simple moving average is $73.37. The firm has a market capitalization of $7.26 billion and a PE ratio of 24.49. Aura Minerals Inc. has a 52 week low of $26.98 and a 52 week high of $110.32.

Aura Minerals (NASDAQ:AUGO) last announced its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share 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 during the quarter. Equities research analysts forecast that Aura Minerals Inc. will post 5.55 earnings per share for the current year.

Aura Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.72 per share. The ex-dividend date is Tuesday, August 18th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.3%. Aura Minerals’s payout ratio is 81.36%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Aura Minerals

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in 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 purchasing an additional 291,623 shares in the last quarter. Robeco Schweiz AG bought a new stake in shares of Aura Minerals in the 4th quarter valued at approximately $13,108,000. Sagil Capital LLP acquired a new position in shares of Aura Minerals in the 4th quarter worth approximately $7,864,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Aura Minerals in the 4th quarter worth approximately $1,286,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Aura Minerals in the 1st quarter worth approximately $2,100,000.

About Aura Minerals

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.