Aura Minerals (NASDAQ:AUGO) Director Mauad Bruno Sousa Sells 120,757 Shares

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa sold 120,757 shares of Aura Minerals stock in a transaction on Monday, August 24th. The shares were sold at an average price of $88.45, for a total value of $10,680,956.65. Following the transaction, the director owned 75,356 shares in the company, valued at $6,665,238.20. This represents a 61.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, August 21st, Mauad Bruno Sousa sold 222,652 shares of Aura Minerals stock. The stock was sold at an average price of $88.11, for a total value of $19,617,867.72.
• On Thursday, August 20th, Mauad Bruno Sousa sold 125,000 shares of Aura Minerals stock. The stock was sold at an average price of $86.00, for a total value of $10,750,000.00.
• On Wednesday, August 19th, Mauad Bruno Sousa sold 280,000 shares of Aura Minerals stock. The shares were sold at an average price of $81.67, for a total value of $22,867,600.00.
• On Monday, August 17th, Mauad Bruno Sousa bought 11,000 shares of Aura Minerals stock. The stock was acquired at an average price of $78.93 per share, for a total transaction of $868,230.00.
• On Wednesday, June 3rd, Mauad Bruno Sousa bought 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.

Aura Minerals Stock Performance

AUGO stock opened at $89.30 on Thursday. The firm has a 50 day simple moving average of $65.30 and a 200 day simple moving average of $74.09. Aura Minerals Inc. has a 52 week low of $28.22 and a 52 week high of $110.32. The stock has a market cap of $7.48 billion and a P/E ratio of 25.23. 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 (NASDAQ:AUGO) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.57 earnings per share 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 for the quarter. Research analysts anticipate that Aura Minerals Inc. will post 5.5 earnings per share for the current fiscal year.

Aura Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 dividend yield of 3.2%. Aura Minerals’s dividend payout ratio is 81.36%.

Institutional Investors Weigh In On Aura Minerals

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Aura Minerals by 42.5% in the 1st 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. Robeco Schweiz AG bought a new stake in Aura Minerals during the fourth quarter worth approximately $13,108,000. Sagil Capital LLP acquired a new position in Aura Minerals during the fourth quarter valued at approximately $7,864,000. Hussman Strategic Advisors Inc. acquired a new position in Aura Minerals during the fourth quarter valued at approximately $1,286,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Aura Minerals by 125.1% in the first 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 during the period.

Analyst Upgrades and Downgrades

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

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.