Insider Selling: Aura Minerals (NASDAQ:AUGO) CFO Sells 10,000 Shares

Key Points

• Aura Minerals CFO Santos Cardoso Joao Kleber Dos sold 10,000 shares at an average price of $70.03, generating $700,300. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 8.47% to 108,111 shares.
• Aura Minerals shares recently traded at $76.25, with the company reporting quarterly EPS of $2.57 on $335.97 million in revenue. The stock’s 12-month range is $25.12 to $110.32, and analysts expect $5.55 in full-year EPS.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $79.27. The company declared a quarterly dividend of $0.72, equivalent to a 3.8% annualized yield.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) CFO Santos Cardoso Joao Kleber Dos sold 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $70.03, for a total value of $700,300.00. Following the transaction, the chief financial officer directly owned 108,111 shares of the company's stock, valued at approximately $7,571,013.33. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santos Cardoso Joao Kleber Dos also recently made the following trade(s):

• On Tuesday, June 30th, Santos Cardoso Joao Kleber Dos sold 60,000 shares of Aura Minerals stock. The shares were sold at an average price of $61.95, for a total value of $3,717,000.00.

Aura Minerals Price Performance

Shares of Aura Minerals stock traded up $2.12 during trading on Monday, reaching $76.25. The company's stock had a trading volume of 1,074,731 shares, compared to its average volume of 872,799. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. Aura Minerals Inc. has a 12-month low of $25.12 and a 12-month high of $110.32. The company has a market capitalization of $6.39 billion and a P/E ratio of 17.44. The business has a 50 day moving average price of $60.41 and a 200-day moving average price of $72.73.

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 firm had revenue of $335.97 million during the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. As a group, sell-side analysts anticipate that Aura Minerals Inc. will post 5.55 EPS for the current year.

Aura Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.88 annualized dividend and a yield of 3.8%. Aura Minerals's dividend payout ratio is 88.14%.

Institutional Investors Weigh In On Aura Minerals

Several hedge funds have recently made changes to their positions in the business. Triumph Capital Management purchased a new stake in Aura Minerals in the 4th quarter valued at about $25,000. Hollencrest Capital Management boosted its position in shares of Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company's stock worth $40,000 after acquiring an additional 600 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Aura Minerals in the fourth quarter worth approximately $34,000. Virtus Advisers LLC grew its holdings in Aura Minerals by 46.4% in the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company's stock valued at $133,000 after purchasing an additional 835 shares during the period. Finally, Quarry LP purchased a new stake in Aura Minerals in the third quarter valued at approximately $37,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research cut Aura Minerals from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Weiss Ratings raised Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Bank of America reduced their target price on shares of Aura Minerals from $122.00 to $94.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Wall Street Zen cut shares of Aura Minerals from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Aura Minerals from $104.50 to $91.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. 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 stock. According to MarketBeat, Aura Minerals has a consensus rating of "Hold" and an average price target 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.

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