Insider Selling: Aura Minerals (NASDAQ:AUGO) Director Sells $10,750,000.00 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa sold 125,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $86.00, for a total value of $10,750,000.00. Following the completion of the sale, the director owned 43,765 shares in the company, valued at approximately $3,763,790. The trade was a 74.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, August 24th, Mauad Bruno Sousa sold 120,757 shares of Aura Minerals stock. The stock was sold at an average price of $88.45, for a total value of $10,680,956.65.
• 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 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 acquired 11,000 shares of Aura Minerals stock. The stock was purchased at an average price of $78.93 per share, for a total transaction of $868,230.00.
• On Wednesday, June 3rd, Mauad Bruno Sousa acquired 2,800 shares of Aura Minerals stock. The shares were acquired at an average cost 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.
• On Wednesday, May 27th, Mauad Bruno Sousa sold 9,652 shares of Aura Minerals stock. The stock was sold at an average price of $75.62, for a total transaction of $729,884.24.

Aura Minerals Stock Performance

NASDAQ AUGO opened at $89.30 on Thursday. The company’s 50 day moving average is $65.30 and its 200-day moving average is $74.09. Aura Minerals Inc. has a 12-month low of $28.22 and a 12-month 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. The firm has a market cap of $7.48 billion and a P/E ratio of 25.23.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings data 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 company had revenue of $335.97 million during the quarter. Sell-side analysts predict that Aura Minerals Inc. will post 5.5 earnings per share for the current 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 issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, August 18th. Aura Minerals’s dividend payout ratio (DPR) is presently 81.36%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AUGO. Triumph Capital Management raised its holdings in shares of Aura Minerals by 32.4% in the 2nd quarter. Triumph Capital Management now owns 596 shares of the company’s stock valued at $38,000 after acquiring an additional 146 shares in the last quarter. Hollencrest Capital Management grew its holdings in shares of Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Aura Minerals during the fourth quarter worth about $34,000. Virtus Advisers LLC increased its position in shares of Aura Minerals by 46.4% in the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock worth $133,000 after purchasing an additional 835 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Aura Minerals in the third quarter worth approximately $37,000.

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.