Aura Minerals (NASDAQ:AUGO) Director Sells $22,867,600.00 in Stock

Key Points

• Insider sale: Aura Minerals director Mauad Bruno Sousa sold 280,000 shares for approximately $22.9 million, reducing his position by 62.39% to 168,765 shares.
• Stock performance: AUGO traded at $86.69, near the upper half of its $26.98–$110.32 52-week range, with a $7.26 billion market capitalization and a P/E ratio of 24.49.
• Mixed outlook: Aura Minerals reported $2.57 quarterly EPS and $335.97 million in revenue, while analysts’ consensus rating remained “Hold” with an average price target of $79.27. The company’s quarterly dividend is $0.72 per share, implying a 3.3% yield.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) Director Mauad Bruno Sousa sold 280,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $81.67, for a total value of $22,867,600.00. Following the completion of the transaction, the director owned 168,765 shares in the company, valued at $13,783,037.55. The trade was a 62.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, August 17th, Mauad Bruno Sousa acquired 11,000 shares of Aura Minerals stock. The shares were purchased at an average cost of $78.93 per share, with a total value of $868,230.00.
• On Wednesday, June 3rd, Mauad Bruno Sousa acquired 2,800 shares of Aura Minerals stock. The shares were purchased at an average cost of $64.95 per share, with a total value 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 transaction of $7,748,000.00.
• On Thursday, May 28th, Mauad Bruno Sousa sold 32,356 shares of Aura Minerals stock. The shares were 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 shares were sold at an average price of $75.62, for a total transaction of $729,884.24.

Aura Minerals Price Performance

Shares of NASDAQ:AUGO traded up $1.69 during midday trading on Thursday, hitting $86.69. The stock had a trading volume of 1,810,036 shares, compared to its average volume of 989,584. The company's 50-day moving average price is $62.80 and its 200-day moving average price is $73.21. Aura Minerals Inc. has a fifty-two week low of $26.98 and a fifty-two week high of $110.32. 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 capitalization of $7.26 billion and a P/E ratio of 24.49.

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 (EPS) for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. The business had revenue of $335.97 million for the quarter. As a group, equities research analysts predict 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. Stockholders of record on Tuesday, August 18th will be paid a $0.72 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.88 annualized dividend and a dividend yield of 3.3%. Aura Minerals's dividend payout ratio (DPR) is presently 81.36%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AUGO. Banque Cantonale Vaudoise acquired a new stake in shares of Aura Minerals during the 3rd quarter valued at $108,000. Legal & General Group Plc acquired a new position in Aura Minerals in the 3rd quarter worth about $317,000. Van ECK Associates Corp bought a new position in Aura Minerals in the third quarter valued at about $1,476,000. BNP Paribas Financial Markets bought a new position in Aura Minerals in the third quarter valued at about $145,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Aura Minerals during the third quarter valued at about $3,947,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings upgraded Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 7th. Zacks Research cut Aura Minerals from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Bank of America lowered 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. Wall Street Zen cut shares of Aura Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. reduced 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. Three 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source