Aura Minerals (NASDAQ:AUGO) COO Luvizotto Glauber Rosa Sells 50,000 Shares

Key Points

• Aura Minerals COO Luvizotto Glauber Rosa sold 50,000 shares at an average price of $75.02, generating $3.75 million. The Rule 10b5-1 transaction reduced his ownership by 14.68%, though he still held 290,628 shares.
• Aura reported quarterly earnings of $2.57 per share on revenue of $335.97 million, with a 23.18% net margin and 103.62% return on equity. The company declared a $0.72 quarterly dividend, equivalent to a 3.8% yield.
• Analyst sentiment is mixed: price targets were reduced by Bank of America and JPMorgan, while Zacks downgraded the stock to “strong sell.” Aura’s average analyst rating is “Hold,” with a consensus price target of $79.27.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) COO Luvizotto Glauber Rosa sold 50,000 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.02, for a total transaction of $3,751,000.00. Following the completion of the transaction, the chief operating officer owned 290,628 shares of the company's stock, valued at approximately $21,802,912.56. The trade was a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 7th, Luvizotto Glauber Rosa sold 50,000 shares of Aura Minerals stock. The stock was sold at an average price of $70.10, for a total transaction of $3,505,000.00.
• On Thursday, July 2nd, Luvizotto Glauber Rosa sold 19,010 shares of Aura Minerals stock. The shares were sold at an average price of $65.23, for a total transaction 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 traded down $0.19 on Tuesday, hitting $76.06. The company had a trading volume of 619,471 shares, compared to its average volume of 990,433. The company's fifty day moving average price is $60.49 and its 200 day moving average price is $72.81. 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 Inc. has a 1-year low of $26.00 and a 1-year high of $110.32. The stock has a market cap of $6.37 billion and a price-to-earnings ratio of 21.49.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. The firm had revenue of $335.97 million during the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. Equities analysts predict that Aura Minerals Inc. will post 5.55 earnings per share 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. Shareholders of record on Tuesday, August 18th will be issued 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 (DPR) is presently 88.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Aura Minerals by 42.5% in the first quarter. Bank of America Corp DE now owns 977,212 shares of the company's stock worth $79,740,000 after acquiring an additional 291,623 shares during the last quarter. SPX Gestao de Recursos Ltda increased its holdings in Aura Minerals by 8.8% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company's stock worth $44,225,000 after purchasing an additional 71,289 shares in the last quarter. Marshall Wace LLP raised its position in Aura Minerals by 32.7% in the fourth quarter. Marshall Wace LLP now owns 623,662 shares of the company's stock valued at $31,439,000 after purchasing an additional 153,828 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Aura Minerals during the first quarter valued at about $50,378,000. Finally, William Blair Investment Management LLC grew its holdings in shares of Aura Minerals by 9.3% during the fourth quarter. William Blair Investment Management LLC now owns 496,303 shares of the company's stock worth $25,021,000 after purchasing an additional 42,091 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AUGO. Bank of America decreased their price target on shares of Aura Minerals from $122.00 to $94.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Zacks Research lowered shares of Aura Minerals from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Wall Street Zen cut Aura Minerals from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. dropped their price target on Aura Minerals from $104.50 to $91.00 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Aura Minerals currently has an average rating of "Hold" and a consensus price target 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.

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