Aura Minerals (NASDAQ:AUGO) Director Sells $10,750,000.00 in Stock

Key Points

• Director Mauad Bruno Sousa sold 125,000 Aura Minerals shares at an average $86.00, generating $10.75 million and reducing his stake by 74.07% to 43,765 shares. He also sold 280,000 shares the previous day.
• Aura Minerals shares rose 0.1% to $87.37, while the company reported quarterly EPS of $2.57, revenue of $335.97 million, and a 23.18% net margin.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $79.27; the company’s quarterly dividend implies a 3.3% yield but an elevated 81.36% payout ratio.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) Director Mauad Bruno Sousa sold 125,000 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $86.00, for a total transaction of $10,750,000.00. Following the transaction, the director owned 43,765 shares in the company, valued at $3,763,790. This represents a 74.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, August 19th, Mauad Bruno 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.
• On Monday, August 17th, Mauad Bruno Sousa bought 11,000 shares of Aura Minerals stock. The stock was purchased at an average price of $78.93 per share, with a total value of $868,230.00.
• On Wednesday, June 3rd, Mauad Bruno Sousa purchased 2,800 shares of Aura Minerals stock. The shares were purchased 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 shares were sold at an average price of $76.98, for a total value 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 value of $729,884.24.

Aura Minerals Stock Up 0.1%

Shares of NASDAQ:AUGO traded up $0.11 during trading on Monday, reaching $87.37. 905,298 shares of the stock were exchanged, compared to its average volume of 989,789. Aura Minerals Inc. has a 1-year low of $27.28 and a 1-year high of $110.32. The stock has a fifty day moving average of $63.93 and a two-hundred day moving average of $73.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. The firm has a market cap of $7.32 billion and a price-to-earnings ratio of 24.68.

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 during the quarter. Research analysts anticipate that Aura Minerals Inc. will post 5.55 earnings per share 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. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.88 annualized dividend and a dividend yield of 3.3%. Aura Minerals's payout ratio is presently 81.36%.

Analysts Set New Price Targets

AUGO has been the subject of a number of analyst reports. Weiss Ratings upgraded Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. lowered their price objective 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 target price on Aura Minerals from $122.00 to $94.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Wall Street Zen downgraded Aura Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Zacks Research lowered Aura Minerals from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $79.27.

Hedge Funds Weigh In On Aura Minerals

Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System purchased a new position in shares of Aura Minerals in the 2nd quarter worth approximately $86,494,000. Triumph Capital Management lifted its holdings in Aura Minerals by 32.4% during the second quarter. Triumph Capital Management now owns 596 shares of the company's stock worth $38,000 after acquiring an additional 146 shares during the period. Navellier & Associates Inc. bought a new stake in Aura Minerals during the second quarter worth $495,000. Public Employees Retirement System of Ohio purchased a new position in Aura Minerals in the second quarter worth $961,000. Finally, Wealth High Governance Capital Ltda purchased a new position in Aura Minerals in the first quarter worth $4,298,000.

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.

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