Aura Minerals (NASDAQ:AUGO) Director Mauad Bruno Sousa Sells 54,991 Shares

Key Points

• Director Mauad Bruno Sousa sold 54,991 Aura Minerals shares at an average price of $87.40, generating approximately $4.81 million. His remaining ownership fell 43.98% to 70,040 shares.
• The sale continues a series of substantial insider transactions, including sales of 53,627 shares on September 9 and 127,500 shares on August 31, despite a few small purchases.
• Aura Minerals shares recently traded at $86.30, while analysts maintain a “Moderate Buy” consensus with an average price target of $79.27. The company reported $2.57 in quarterly EPS, declared a $0.72 quarterly dividend, and has a 3.3% annualized yield.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) Director Mauad Sousa sold 54,991 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $87.40, for a total value of $4,806,213.40. Following the completion of the transaction, the director owned 70,040 shares in the company, valued at approximately $6,121,496. This represents a 43.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, September 9th, Mauad Sousa sold 53,627 shares of Aura Minerals stock. The shares were sold at an average price of $86.61, for a total transaction of $4,644,634.47.
• On Tuesday, September 1st, Mauad Sousa acquired 1 shares of Aura Minerals stock. The stock was acquired at an average cost of $81.10 per share, for a total transaction of $81.10.
• On Monday, August 31st, Mauad Sousa sold 127,500 shares of Aura Minerals stock. The shares were sold at an average price of $81.20, for a total transaction of $10,353,000.00.
• On Monday, August 31st, Mauad Sousa bought 10 shares of Aura Minerals stock. The shares were acquired at an average cost of $79.89 per share, with a total value of $798.90.
• On Friday, August 28th, Mauad Sousa sold 157,500 shares of Aura Minerals stock. The stock was sold at an average price of $86.73, for a total transaction of $13,659,975.00.
• On Friday, August 28th, Mauad Sousa purchased 252,000 shares of Aura Minerals stock. The shares were bought at an average price of $86.48 per share, with a total value of $21,792,960.00.
• On Monday, August 24th, Mauad Sousa sold 120,757 shares of Aura Minerals stock. The stock was sold at an average price of $88.45, for a total value of $10,680,956.65.
• On Friday, August 21st, Mauad Sousa sold 222,652 shares of Aura Minerals stock. The shares were sold at an average price of $88.11, for a total value of $19,617,867.72.
• On Thursday, August 20th, Mauad Sousa sold 125,000 shares of Aura Minerals stock. The stock was sold at an average price of $86.00, for a total value of $10,750,000.00.
• On Wednesday, August 19th, Mauad Sousa sold 280,000 shares of Aura Minerals stock. The shares were sold at an average price of $81.67, for a total value of $22,867,600.00.

Aura Minerals Stock Down 0.9%

Shares of NASDAQ AUGO traded down $0.78 during trading on Monday, hitting $86.30. The stock had a trading volume of 1,471,982 shares, compared to its average volume of 988,293. The firm has a fifty day moving average of $70.65 and a two-hundred day moving average of $75.22. The company has a market capitalization of $7.23 billion, a PE ratio of 24.38 and a beta of 0.28. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. Aura Minerals Inc. has a 12 month low of $29.11 and a 12 month high of $110.32.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share 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 forecast that Aura Minerals Inc. will post 5.38 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, August 18th. Aura Minerals's dividend payout ratio (DPR) is presently 81.36%.

Institutional Investors Weigh In On Aura Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUGO. California State Teachers Retirement System purchased a new stake in shares of Aura Minerals in the second quarter worth $86,494,000. Bank of America Corp DE boosted its stake in Aura Minerals by 42.5% in the first quarter. Bank of America Corp DE now owns 977,212 shares of the company's stock worth $79,740,000 after buying an additional 291,623 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Aura Minerals during the 1st quarter valued at $50,378,000. William Blair Investment Management LLC boosted its position in Aura Minerals by 9.3% during the fourth quarter. William Blair Investment Management LLC now owns 496,303 shares of the company's stock valued at $25,021,000 after buying an additional 42,091 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Aura Minerals by 125.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company's stock worth $26,241,000 after buying an additional 178,730 shares during the period.

Analyst Upgrades and Downgrades

AUGO has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Aura Minerals from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. Zacks Research upgraded shares of Aura Minerals from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. JPMorgan Chase & Co. lowered their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Bank of America dropped their target price on shares of Aura Minerals from $122.00 to $94.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, 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. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.27.

Aura Minerals Company Profile

Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.

Aura's operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.

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