Aura Minerals (NASDAQ:AUGO) Director Mauad Bruno Sousa Acquires 11,000 Shares of Stock

Key Points

• Director Mauad Bruno Sousa bought 11,000 Aura Minerals shares at an average price of $78.93, investing $868,230 and increasing his direct ownership by 2.51% to 448,765 shares.
• Aura Minerals shares fell 2.9% to $76.24, while the company reported quarterly EPS of $2.57 on revenue of $335.97 million. The stock has a consensus “Hold” rating and an average analyst target of $79.27.
• The company declared a quarterly dividend of $0.72 per share, equivalent to an annualized $2.88 payout and a 3.8% yield; its payout ratio stands at 81.36%.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) Director Mauad Bruno Sousa bought 11,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of $78.93 per share, with a total value of $868,230.00. Following the completion of the purchase, the director directly owned 448,765 shares in the company, valued at $35,421,021.45. This represents a 2.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, June 3rd, Mauad Bruno Sousa purchased 2,800 shares of Aura Minerals stock. The stock was bought 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 value 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 Down 2.9%

NASDAQ AUGO traded down $2.30 on Tuesday, hitting $76.24. 559,741 shares of the stock were exchanged, compared to its average volume of 978,957. Aura Minerals Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $110.32. The company has a 50-day moving average price of $61.78 and a 200-day moving average price 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. The company has a market cap of $6.39 billion and a PE ratio of 21.54.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last released its quarterly earnings data 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 net margin of 23.18% and a return on equity of 103.62%. Sell-side analysts anticipate that Aura Minerals Inc. will post 5.55 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The firm also recently declared 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. This represents a $2.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, August 18th. Aura Minerals's payout ratio is 81.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AUGO shares. Wall Street Zen downgraded Aura Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Bank of America decreased their target price on Aura Minerals from $122.00 to $94.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target on Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. Zacks Research lowered shares of Aura Minerals from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $79.27.

Institutional Trading of Aura Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in AUGO. Jennison Associates LLC acquired a new stake in shares of Aura Minerals in the 1st quarter valued at about $50,378,000. Bank of America Corp DE acquired a new stake in shares of Aura Minerals in the third quarter valued at approximately $17,623,000. Marshall Wace LLP acquired a new stake in shares of Aura Minerals in the third quarter valued at approximately $17,483,000. Amundi grew its position in shares of Aura Minerals by 319.9% during the fourth quarter. Amundi now owns 428,436 shares of the company's stock worth $21,600,000 after acquiring an additional 326,403 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Aura Minerals in the 3rd quarter valued at $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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