Aura Minerals (NASDAQ:AUGO) COO Sells $3,751,000.00 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) COO Luvizotto Glauber Rosa sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.02, for a total value of $3,751,000.00. Following the completion of the transaction, the chief operating officer owned 290,628 shares of the company’s stock, valued at approximately $21,802,912.56. The trade was a 14.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Luvizotto Glauber Rosa also recently made the following trade(s):

• On Friday, August 7th, Luvizotto Glauber Rosa sold 50,000 shares of Aura Minerals stock. The shares were sold at an average price of $70.10, for a total transaction of $3,505,000.00.
• On Thursday, July 2nd, Luvizotto Glauber Rosa sold 19,010 shares of Aura Minerals stock. The shares were sold at an average price of $65.23, for a total transaction of $1,240,022.30.
• On Friday, June 26th, Luvizotto Glauber Rosa sold 22,367 shares of Aura Minerals stock. The shares were sold at an average price of $65.27, for a total value of $1,459,894.09.
• On Monday, June 22nd, Luvizotto Glauber Rosa sold 6,323 shares of Aura Minerals stock. The shares were sold at an average price of $65.22, for a total value of $412,386.06.

Aura Minerals Trading Down 3.5%

Aura Minerals stock opened at $74.85 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. Aura Minerals Inc. has a 12 month low of $26.00 and a 12 month high of $110.32. The stock’s 50 day simple moving average is $61.08 and its two-hundred day simple moving average is $72.99. The firm has a market cap of $6.27 billion and a PE ratio of 21.14.

Aura Minerals (NASDAQ:AUGO) last posted its 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 firm had revenue of $335.97 million during the quarter. Analysts anticipate that Aura Minerals Inc. will post 5.55 earnings per share for the current year.

Aura Minerals Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AUGO shares. Weiss Ratings upgraded Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Aura Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research lowered Aura Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Bank of America cut their price objective on Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. reduced their target price 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. Three 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $79.27.

Institutional Trading of Aura Minerals

Large investors have recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Aura Minerals in the fourth quarter valued at about $25,000. Global Retirement Partners LLC purchased a new position in Aura Minerals in the 4th quarter worth approximately $34,000. Quarry LP acquired a new position in shares of Aura Minerals during the 3rd quarter worth approximately $37,000. Hollencrest Capital Management boosted its holdings in shares of Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Aura Minerals in the third quarter valued at approximately $108,000.

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.