Insider Selling: Aura Minerals (NASDAQ:AUGO) CFO Sells $3,717,000.00 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the transaction, the chief financial officer owned 118,111 shares of the company’s stock, valued at $7,316,976.45. The trade was a 33.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aura Minerals Stock Performance

Shares of NASDAQ:AUGO opened at $65.46 on Friday. The company has a market capitalization of $5.48 billion and a price-to-earnings ratio of 60.61. The firm’s 50 day simple moving average is $71.37 and its 200 day simple moving average is $71.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75. Aura Minerals Inc. has a fifty-two week low of $22.24 and a fifty-two week high of $110.32.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. The firm had revenue of $382.61 million during the quarter. As a group, sell-side analysts forecast that Aura Minerals Inc. will post 7.78 earnings per share for the current year.

Aura Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were issued a $0.78 dividend. 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 dividend yield of 4.8%. Aura Minerals’s dividend payout ratio (DPR) is presently 288.89%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AUGO. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings cut Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Finally, Zacks Research upgraded Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Hedge Funds Weigh In On Aura Minerals

Several hedge funds have recently made changes to their positions in the business. Citigroup Inc. bought a new stake in Aura Minerals during the 3rd quarter worth about $1,997,000. William Blair Investment Management LLC acquired a new position in shares of Aura Minerals during the 3rd quarter worth about $16,901,000. JPMorgan Chase & Co. bought a new position in shares of Aura Minerals in the 3rd quarter valued at about $27,097,000. Capital World Investors bought a new position in shares of Aura Minerals in the 3rd quarter valued at about $60,284,000. Finally, Diversified Trust Co. increased its position in shares of Aura Minerals by 194.8% in the fourth quarter. Diversified Trust Co. now owns 17,100 shares of the company’s stock valued at $862,000 after acquiring an additional 11,300 shares during the last quarter.

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.