Aura Minerals (NASDAQ:AUGO) Director Mauad Bruno Sousa Sells 120,757 Shares

Key Points

• Director Mauad Bruno Sousa sold 120,757 Aura Minerals shares at an average price of $88.45, generating approximately $10.68 million. The sale reduced his holdings by 61.58%, leaving him with 75,356 shares.
• The transaction follows additional large insider sales totaling more than $55 million between August 19 and 21, despite smaller purchases earlier in the year.
• Aura Minerals shares recently traded at $89.30, while analyst sentiment was mixed: the stock had a consensus “Hold” rating and an average price target of $79.27.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) Director Mauad Bruno Sousa sold 120,757 shares of Aura Minerals stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $88.45, for a total transaction of $10,680,956.65. Following the sale, the director owned 75,356 shares of the company's stock, valued at approximately $6,665,238.20. The trade was a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, August 21st, Mauad Bruno Sousa sold 222,652 shares of Aura Minerals stock. The stock was sold at an average price of $88.11, for a total value of $19,617,867.72.
• On Thursday, August 20th, Mauad Bruno Sousa sold 125,000 shares of Aura Minerals stock. The shares were sold at an average price of $86.00, for a total transaction of $10,750,000.00.
• On Wednesday, August 19th, Mauad Bruno Sousa sold 280,000 shares of Aura Minerals stock. The stock was sold at an average price of $81.67, for a total transaction of $22,867,600.00.
• On Monday, August 17th, Mauad Bruno Sousa purchased 11,000 shares of Aura Minerals stock. The stock was acquired at an average cost of $78.93 per share, for a total transaction of $868,230.00.
• On Wednesday, June 3rd, Mauad Bruno Sousa bought 2,800 shares of Aura Minerals stock. The shares were bought at an average price 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 value of $2,490,764.88.

Aura Minerals Price Performance

Shares of AUGO traded down $1.17 during trading hours on Wednesday, reaching $89.30. 624,342 shares of the company traded hands, compared to its average volume of 985,741. 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 stock has a market capitalization of $7.48 billion and a PE ratio of 25.23. Aura Minerals Inc. has a fifty-two week low of $28.22 and a fifty-two week high of $110.32. The stock has a fifty day simple moving average of $64.84 and a 200 day simple moving average of $73.90.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. The company had revenue of $335.97 million for the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. As a group, research analysts predict that Aura Minerals Inc. will post 5.5 EPS 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. Investors of record on Tuesday, August 18th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, August 18th. Aura Minerals's dividend payout ratio is presently 81.36%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen lowered Aura Minerals from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. dropped their price target on Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Bank of America cut their price objective on Aura Minerals from $122.00 to $94.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. 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, Weiss Ratings upgraded shares of Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 7th. 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $79.27.

Institutional Investors Weigh In On Aura Minerals

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System purchased a new stake in shares of Aura Minerals during the 2nd quarter valued at about $86,494,000. Jennison Associates LLC acquired a new stake in Aura Minerals in the first quarter valued at approximately $50,378,000. Bank of America Corp DE purchased a new stake in shares of Aura Minerals during the third quarter valued at approximately $17,623,000. Marshall Wace LLP purchased a new stake in shares of Aura Minerals during the third quarter valued at approximately $17,483,000. Finally, Amundi lifted 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 purchasing an additional 326,403 shares in the last quarter.

Aura Minerals Company Profile

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