Insider Selling: Aura Minerals (NASDAQ:AUGO) Director Sells $15,047,900.00 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Sousa sold 166,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $90.65, for a total transaction of $15,047,900.00. Following the completion of the transaction, the director directly owned 1,041 shares in the company, valued at approximately $94,366.65. This represents a 99.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 17th, Mauad Sousa sold 73,925 shares of Aura Minerals stock. The stock was sold at an average price of $92.40, for a total transaction of $6,830,670.00.
• On Friday, September 11th, Mauad Sousa sold 54,991 shares of Aura Minerals stock. The shares were sold at an average price of $87.40, for a total value of $4,806,213.40.
• On Wednesday, September 9th, Mauad Sousa sold 53,627 shares of Aura Minerals stock. The shares were sold at an average price of $86.61, for a total value of $4,644,634.47.
• On Tuesday, September 1st, Mauad Sousa acquired 1 shares of Aura Minerals stock. The shares were bought at an average price of $81.10 per share, for a total transaction of $81.10.
• On Monday, August 31st, Mauad Sousa sold 127,500 shares of Aura Minerals stock. The stock was sold at an average price of $81.20, for a total value of $10,353,000.00.
• On Monday, August 31st, Mauad Sousa acquired 10 shares of Aura Minerals stock. The shares were purchased at an average price of $79.89 per share, for a total transaction of $798.90.
• On Friday, August 28th, Mauad Sousa sold 157,500 shares of Aura Minerals stock. The stock was sold at an average price of $86.73, for a total transaction of $13,659,975.00.
• On Friday, August 28th, Mauad Sousa purchased 252,000 shares of Aura Minerals stock. The shares were purchased at an average cost of $86.48 per share, with a total value of $21,792,960.00.
• On Monday, August 24th, Mauad Sousa sold 120,757 shares of Aura Minerals stock. The stock was sold at an average price of $88.45, for a total transaction of $10,680,956.65.
• On Friday, August 21st, Mauad Sousa sold 222,652 shares of Aura Minerals stock. The shares were sold at an average price of $88.11, for a total transaction of $19,617,867.72.

Aura Minerals Stock Up 0.6%

Shares of Aura Minerals stock opened at $83.57 on Friday. Aura Minerals Inc. has a 1-year low of $29.11 and a 1-year high of $110.32. The company has a market capitalization of $7.00 billion, a PE ratio of 23.61 and a beta of 0.28. 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 business has a 50-day moving average of $76.41 and a 200-day moving average of $75.46.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 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, equities analysts forecast that Aura Minerals Inc. will post 5.45 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This is a negative change from Aura Minerals’s previous quarterly dividend of $0.78. This represents a $2.88 annualized dividend and a dividend yield of 3.4%. Aura Minerals’s dividend payout ratio is 81.36%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AUGO shares. Santander cut shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings upgraded shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. Scotiabank started coverage on shares of Aura Minerals in a report on Thursday, September 17th. They issued a “sector outperform” rating and a $110.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased 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. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.95.

Institutional Trading of Aura Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management lifted its position in Aura Minerals by 32.4% in the second quarter. Triumph Capital Management now owns 596 shares of the company’s stock worth $38,000 after purchasing an additional 146 shares during the period. Entropy Technologies LP boosted its stake in Aura Minerals by 15.5% during the 1st quarter. Entropy Technologies LP now owns 8,200 shares of the company’s stock valued at $669,000 after purchasing an additional 1,100 shares in the last quarter. State of Wyoming increased its position in shares of Aura Minerals by 58.3% during the 4th quarter. State of Wyoming now owns 6,959 shares of the company’s stock valued at $351,000 after purchasing an additional 2,564 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aura Minerals in the 4th quarter worth $134,000. Finally, Rathbones Group PLC bought a new stake in shares of Aura Minerals in the 1st quarter worth $245,000.

About Aura Minerals

Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.

Aura’s operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.