Mauad Bruno Sousa Sells 280,000 Shares of Aura Minerals (NASDAQ:AUGO) Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa sold 280,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $81.67, for a total transaction of $22,867,600.00. Following the completion of the transaction, the director owned 168,765 shares of the company’s stock, valued at $13,783,037.55. This represents a 62.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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, 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 purchased 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 shares were 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 Trading Up 0.7%

NASDAQ:AUGO opened at $87.26 on Friday. The stock’s 50 day moving average price is $63.93 and its 200 day moving average price is $73.47. The company has a market capitalization of $7.31 billion and a PE ratio of 24.65. 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 52-week low of $27.16 and a 52-week high of $110.32.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The company had revenue of $335.97 million for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. On average, research analysts anticipate that Aura Minerals Inc. will post 5.55 EPS for the current 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 issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Aura Minerals’s payout ratio is presently 81.36%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AUGO. JPMorgan Chase & Co. decreased their price target on shares of 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 dropped their price objective 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. Weiss Ratings raised shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Zacks Research downgraded shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered Aura Minerals from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.27.

Hedge Funds Weigh In On Aura Minerals

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

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.