Insider Selling: Aura Minerals (NASDAQ:AUGO) Director Sells $2,490,764.88 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa sold 32,356 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $76.98, for a total transaction of $2,490,764.88. Following the transaction, the director directly owned 534,965 shares in the company, valued at approximately $41,181,605.70. This represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, May 29th, Mauad Bruno Sousa sold 100,000 shares of Aura Minerals stock. The stock was sold at an average price of $77.48, for a total transaction of $7,748,000.00.
• On Wednesday, May 27th, Mauad Bruno Sousa sold 9,652 shares of Aura Minerals stock. The stock was sold at an average price of $75.62, for a total transaction of $729,884.24.
• On Tuesday, May 12th, Mauad Bruno Sousa sold 38,384 shares of Aura Minerals stock. The shares were sold at an average price of $83.95, for a total transaction of $3,222,336.80.

Aura Minerals Stock Performance

Shares of AUGO stock opened at $64.23 on Thursday. The company’s fifty day simple moving average is $83.93 and its 200-day simple moving average is $68.37. Aura Minerals Inc. has a 52 week low of $22.24 and a 52 week high of $110.32. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The company has a market cap of $5.38 billion and a PE ratio of 59.47.

Aura Minerals (NASDAQ:AUGO) last issued its earnings results on Wednesday, May 20th. The company reported $999.00 EPS for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. As a group, equities research analysts anticipate that Aura Minerals Inc. will post 10.08 EPS for the current year.

Aura Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were paid a dividend of $0.78 per share. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.12 annualized dividend and a yield of 4.9%. Aura Minerals’s payout ratio is presently 288.89%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Aura Minerals from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. began coverage on shares of Aura Minerals in a research report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price objective for the company. Zacks Research lowered shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Aura Minerals has an average rating of “Moderate Buy” and an average target price of $67.60.

Hedge Funds Weigh In On Aura Minerals

Several large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd bought a new stake in Aura Minerals in the 3rd quarter valued at $646,000. TD Waterhouse Canada Inc. bought a new position in shares of Aura Minerals during the 3rd quarter worth about $1,532,000. State of Wyoming bought a new position in shares of Aura Minerals during the 3rd quarter worth about $164,000. Truxt Investmentos Ltda. acquired a new stake in shares of Aura Minerals during the 3rd quarter worth about $6,634,000. Finally, Cibc World Market Inc. acquired a new stake in shares of Aura Minerals during the 3rd quarter worth about $2,968,000.

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.