Aura Minerals (NASDAQ:AUGO) Director Mauad Bruno Sousa Sells 125,000 Shares

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa sold 125,000 shares of Aura Minerals stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $86.00, for a total transaction of $10,750,000.00. Following the completion of the transaction, the director directly owned 43,765 shares in the company, valued at $3,763,790. This represents a 74.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, August 19th, Mauad Bruno Sousa sold 280,000 shares of Aura Minerals stock. The stock was sold at an average price of $81.67, for a total value of $22,867,600.00.
• On Monday, August 17th, Mauad Bruno Sousa purchased 11,000 shares of Aura Minerals stock. The stock was acquired at an average price of $78.93 per share, with a total value of $868,230.00.
• On Wednesday, June 3rd, Mauad Bruno Sousa purchased 2,800 shares of Aura Minerals stock. The stock was acquired 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 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 stock was 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 transaction of $729,884.24.

Aura Minerals Stock Performance

Shares of Aura Minerals stock opened at $87.37 on Tuesday. The firm has a market capitalization of $7.32 billion and a P/E ratio of 24.68. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $64.36 and a 200 day moving average price of $73.71. Aura Minerals Inc. has a 52 week low of $27.28 and a 52 week high of $110.32.

Aura Minerals (NASDAQ:AUGO) last released its earnings results 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 company had revenue of $335.97 million for the quarter. Sell-side analysts expect that Aura Minerals Inc. will post 5.55 EPS for the current year.

Aura Minerals Cuts Dividend

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

Hedge Funds Weigh In On Aura Minerals

A number of institutional investors have recently modified their holdings of AUGO. Triumph Capital Management purchased a new stake in shares of Aura Minerals in the fourth quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in Aura Minerals in the 4th quarter worth approximately $34,000. Hollencrest Capital Management grew its stake in shares of Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares during the period. Quarry LP acquired a new stake in shares of Aura Minerals during the 3rd quarter worth approximately $37,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Aura Minerals during the 4th quarter valued at approximately $118,000.

Wall Street Analyst Weigh In

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

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.