Insider Selling: Aura Minerals (NASDAQ:AUGO) COO Sells 50,000 Shares of Stock

Aura Minerals Inc. (NASDAQ:AUGO) COO Luvizotto Glauber Rosa sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $70.10, for a total value of $3,505,000.00. Following the completion of the sale, the chief operating officer directly owned 340,628 shares in the company, valued at $23,878,022.80. This trade represents a 12.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Luvizotto Glauber Rosa also recently made the following trade(s):

• On Monday, August 10th, Luvizotto Glauber Rosa sold 50,000 shares of Aura Minerals stock. The stock was sold at an average price of $75.02, for a total value of $3,751,000.00.
• On Thursday, July 2nd, Luvizotto Glauber Rosa sold 19,010 shares of Aura Minerals stock. The stock was sold at an average price of $65.23, for a total value of $1,240,022.30.
• On Friday, June 26th, Luvizotto Glauber Rosa sold 22,367 shares of Aura Minerals stock. The shares were sold at an average price of $65.27, for a total value of $1,459,894.09.
• On Monday, June 22nd, Luvizotto Glauber Rosa sold 6,323 shares of Aura Minerals stock. The stock was sold at an average price of $65.22, for a total transaction of $412,386.06.

Aura Minerals Stock Performance

AUGO stock traded down $0.19 on Tuesday, reaching $76.06. 619,471 shares of the company were exchanged, compared to its average volume of 990,433. Aura Minerals Inc. has a 12 month low of $26.00 and a 12 month high of $110.32. The stock’s fifty day moving average price is $60.49 and its 200 day moving average price is $72.81. The firm has a market capitalization of $6.37 billion and a PE ratio of 21.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82.

Aura Minerals (NASDAQ:AUGO) last released its 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, research analysts anticipate that Aura Minerals Inc. will post 5.55 EPS for the current fiscal 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 given a dividend of $0.72 per share. 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 3.8%. Aura Minerals’s dividend payout ratio is currently 88.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUGO. Triumph Capital Management acquired a new stake in Aura Minerals during the fourth quarter valued at approximately $25,000. Hollencrest Capital Management boosted its stake in Aura Minerals by 307.7% in the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock valued at $40,000 after buying an additional 600 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Aura Minerals in the fourth quarter valued at $34,000. Virtus Advisers LLC raised its stake in Aura Minerals by 46.4% during the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock worth $133,000 after acquiring an additional 835 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Aura Minerals during the third quarter valued at $37,000.

Wall Street Analyst Weigh In

AUGO has been the topic of a number of recent research reports. Zacks Research downgraded Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Wall Street Zen cut Aura Minerals from a “buy” rating to a “hold” rating in a report on Saturday. 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 report on Thursday, July 9th. Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Finally, 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. Three 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, the company 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.