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

Key Points

• Aura Minerals COO Luvizotto Glauber Rosa sold 50,000 shares at an average price of $70.10, generating $3.5 million. The Rule 10b5-1 transaction reduced his holdings by 12.8% to 340,628 shares.
• AUGO shares traded down 0.2% to $76.06, while the company reported quarterly EPS of $2.57 on revenue of $335.97 million. Aura also declared a quarterly dividend of $0.72 per share, representing a 3.8% yield.
• Analyst sentiment is mixed: the stock carries an average rating of “Hold” and a consensus price target of $79.27, with several firms recently cutting their targets or downgrading the shares.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) COO Luvizotto Glauber Rosa sold 50,000 shares of the company'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 transaction of $3,505,000.00. Following the completion of the transaction, the chief operating officer owned 340,628 shares in the company, valued at approximately $23,878,022.80. This represents a 12.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 transaction 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 shares were sold at an average price of $65.22, for a total value of $412,386.06.

Aura Minerals Stock Down 0.2%

AUGO stock traded down $0.19 during mid-day trading on Tuesday, hitting $76.06. The stock had a trading volume of 619,471 shares, compared to its average volume of 990,433. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. Aura Minerals Inc. has a 1-year low of $26.00 and a 1-year high of $110.32. The company has a fifty day moving average of $60.49 and a 200 day moving average of $72.81. The stock has a market capitalization of $6.37 billion and a price-to-earnings ratio of 21.49.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts expect that Aura Minerals Inc. will post 5.55 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, August 18th. Aura Minerals's dividend payout ratio (DPR) is presently 88.14%.

Analyst Ratings Changes

Several research firms have commented on AUGO. Bank of America decreased their target price on shares of Aura Minerals from $122.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Wall Street Zen lowered shares of Aura Minerals from a "buy" rating to a "hold" rating in a research note on Saturday. Weiss Ratings upgraded shares of Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. Zacks Research downgraded shares of Aura Minerals from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Finally, 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 report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $79.27.

Institutional Trading of Aura Minerals

Large investors have recently modified their holdings of the company. Triumph Capital Management acquired a new position in Aura Minerals in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in Aura Minerals during the 4th quarter worth $34,000. Hollencrest Capital Management lifted its position in 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 acquiring an additional 600 shares during the last quarter. Quarry LP bought a new stake in Aura Minerals during the third quarter valued at about $37,000. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in Aura Minerals during the fourth quarter valued at about $118,000.

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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