Insider Selling: Aura Minerals (NASDAQ:AUGO) Director Sells $4,806,213.40 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Sousa sold 54,991 shares of Aura Minerals stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $87.40, for a total value of $4,806,213.40. Following the sale, the director owned 70,040 shares of the company’s stock, valued at approximately $6,121,496. This trade represents a 43.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, September 9th, Mauad Sousa sold 53,627 shares of Aura Minerals stock. The stock was sold at an average price of $86.61, for a total transaction of $4,644,634.47.
• On Tuesday, September 1st, Mauad Sousa acquired 1 shares of Aura Minerals stock. The stock was 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 shares were sold at an average price of $81.20, for a total transaction of $10,353,000.00.
• On Monday, August 31st, Mauad Sousa bought 10 shares of Aura Minerals stock. The shares were bought at an average price of $79.89 per share, with a total value 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 stock was bought at an average cost of $86.48 per share, for a total transaction of $21,792,960.00.
• On Monday, August 24th, Mauad Sousa sold 120,757 shares of Aura Minerals stock. The shares were 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.
• On Thursday, August 20th, Mauad Sousa sold 125,000 shares of Aura Minerals stock. The stock was sold at an average price of $86.00, for a total transaction of $10,750,000.00.
• On Wednesday, August 19th, Mauad Sousa sold 280,000 shares of Aura Minerals stock. The stock was sold at an average price of $81.67, for a total transaction of $22,867,600.00.

Aura Minerals Stock Up 0.2%

AUGO opened at $85.96 on Thursday. The stock has a market cap of $7.20 billion, a PE ratio of 24.28 and a beta of 0.28. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.82. Aura Minerals Inc. has a 52 week low of $29.11 and a 52 week high of $110.32. The business’s fifty day simple moving average is $72.00 and its 200 day simple moving average is $75.24.

Aura Minerals (NASDAQ:AUGO) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%.The firm had revenue of $335.97 million during the quarter. As a group, research analysts expect that Aura Minerals Inc. will post 5.38 earnings per share for the current fiscal year.

Aura Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, August 18th. Aura Minerals’s dividend payout ratio (DPR) is currently 81.36%.

Hedge Funds Weigh In On Aura Minerals

Several institutional investors and hedge funds have recently bought and sold shares of AUGO. Bank of America Corp DE increased its stake in Aura Minerals by 42.5% in the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after purchasing an additional 291,623 shares during the period. Jennison Associates LLC bought a new position in shares of Aura Minerals in the first quarter worth approximately $50,378,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Aura Minerals by 125.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 321,582 shares of the company’s stock worth $26,241,000 after purchasing an additional 178,730 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Aura Minerals by 9.3% in the fourth quarter. William Blair Investment Management LLC now owns 496,303 shares of the company’s stock worth $25,021,000 after purchasing an additional 42,091 shares during the last quarter. Finally, Sagil Capital LLP purchased a new position in shares of Aura Minerals in the fourth quarter worth $7,864,000.

Wall Street Analyst Weigh In

AUGO has been the subject of several research reports. JPMorgan Chase & Co. cut 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. Weiss Ratings upgraded shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Bank of America lowered their price objective on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Zacks Research raised shares of Aura Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Santander lowered shares of Aura Minerals from an “outperform” rating to a “neutral” rating in a report on Monday, August 31st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Aura Minerals presently has a consensus rating of “Moderate Buy” and an average target price of $79.27.

Aura Minerals Company Profile

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.