Aura Minerals (NASDAQ:AUGO) COO Sells 1,400 Shares

Key Points

• Aura Minerals COO Luvizotto Glauber Rosa sold 1,400 shares at an average price of $80, generating $112,000. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving him with 289,228 shares.
• Rosa has also sold substantial blocks in recent months, including 50,000 shares each on August 7 and August 10, bringing his recent disclosed sales to more than $10 million.
• AUGO shares fell 2.9% to $76.24, while analysts’ consensus rating remained Hold with an average price target of $79.27. The company also declared a quarterly dividend of $0.72 per share, implying a 3.8% annualized yield.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) COO Luvizotto Glauber Rosa sold 1,400 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $80.00, for a total transaction of $112,000.00. Following the sale, the chief operating officer owned 289,228 shares in the company, valued at $23,138,240. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $75.02, for a total transaction of $3,751,000.00.
• 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 stock was 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 transaction of $1,459,894.09.
• On Monday, June 22nd, Luvizotto Glauber Rosa sold 6,323 shares of Aura Minerals stock. The shares were sold at an average price of $65.22, for a total transaction of $412,386.06.

Aura Minerals Stock Down 2.9%

Shares of AUGO traded down $2.30 during mid-day trading on Tuesday, reaching $76.24. The company's stock had a trading volume of 559,741 shares, compared to its average volume of 978,957. The company has a market cap of $6.39 billion and a price-to-earnings ratio of 21.54. The business has a fifty day moving average of $61.78 and a 200 day moving average of $73.11. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. Aura Minerals Inc. has a 1 year low of $26.63 and a 1 year high of $110.32.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last posted its quarterly 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 for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. As a group, analysts forecast that Aura Minerals Inc. will post 5.55 earnings per share for the current fiscal year.

Aura Minerals Cuts Dividend

The firm also recently announced 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. The ex-dividend date 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 81.36%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AUGO. Weiss Ratings raised shares of Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 7th. Zacks Research lowered shares of Aura Minerals from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Wall Street Zen cut shares of Aura Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. dropped their price target on shares of 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, Bank of America cut their price objective 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Aura Minerals has an average rating of "Hold" and a consensus target price of $79.27.

Institutional Trading of Aura Minerals

Several large investors have recently added to or reduced their stakes in AUGO. Jennison Associates LLC acquired a new position in shares of Aura Minerals during the 1st quarter worth $50,378,000. Bank of America Corp DE bought a new position in shares of Aura Minerals during the 3rd quarter valued at $17,623,000. Marshall Wace LLP acquired a new stake in shares of Aura Minerals in the 3rd quarter valued at $17,483,000. Amundi lifted its stake in shares of Aura Minerals by 319.9% in the 4th quarter. Amundi now owns 428,436 shares of the company's stock valued at $21,600,000 after purchasing an additional 326,403 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Aura Minerals in the third quarter worth $11,963,000.

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.

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