Insider Selling: Aura Minerals (NASDAQ:AUGO) CFO Sells $635,672.08 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) CFO Santos Cardoso Joao Kleber Dos sold 7,934 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $80.12, for a total transaction of $635,672.08. Following the completion of the transaction, the chief financial officer owned 98,111 shares in the company, valued at approximately $7,860,653.32. This represents a 7.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 Monday, August 17th, Santos Cardoso Joao Kleber Dos sold 2,066 shares of Aura Minerals stock. The shares were sold at an average price of $80.00, for a total transaction of $165,280.00.
• On Friday, August 7th, Santos Cardoso Joao Kleber Dos sold 10,000 shares of Aura Minerals stock. The stock was sold at an average price of $70.03, for a total transaction of $700,300.00.
• On Tuesday, June 30th, Santos Cardoso Joao Kleber Dos sold 60,000 shares of Aura Minerals stock. The stock was sold at an average price of $61.95, for a total transaction of $3,717,000.00.

Aura Minerals Stock Up 2.0%

AUGO stock traded up $1.69 during midday trading on Thursday, hitting $86.69. The company’s stock had a trading volume of 1,810,036 shares, compared to its average volume of 989,584. The company has a market cap of $7.26 billion and a PE ratio of 24.49. Aura Minerals Inc. has a 12 month low of $26.98 and a 12 month high of $110.32. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average is $62.80 and its 200-day moving average is $73.21.

Aura Minerals (NASDAQ:AUGO) last posted its earnings results on Tuesday, June 30th. The company reported $2.57 EPS for the quarter. The business 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%. On average, equities research analysts forecast that Aura Minerals Inc. will post 5.55 earnings per share for the current fiscal year.

Aura Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 dividend payout ratio (DPR) is 81.36%.

Institutional Trading of Aura Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Navellier & Associates Inc. bought a new position in Aura Minerals in the second quarter worth approximately $495,000. Public Employees Retirement System of Ohio bought a new stake in shares of Aura Minerals during the 2nd quarter valued at $961,000. Wealth High Governance Capital Ltda purchased a new stake in shares of Aura Minerals in the 1st quarter worth $4,298,000. Wealth High Governance Asset Management Ltda. purchased a new stake in shares of Aura Minerals in the 1st quarter worth $3,645,000. Finally, Rathbones Group PLC bought a new position in Aura Minerals in the 1st quarter worth $245,000.

Wall Street Analysts Forecast Growth

AUGO has been the subject of a number of recent analyst reports. Bank of America decreased their target price 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. Weiss Ratings raised shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Aura Minerals from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research cut shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. decreased their price objective 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 research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $79.27.

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.