Insider Selling: Aura Minerals (NASDAQ:AUGO) COO Sells $412,386.06 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) COO Luvizotto Glauber Rosa sold 6,323 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $65.22, for a total transaction of $412,386.06. Following the completion of the transaction, the chief operating officer owned 434,305 shares of the company’s stock, valued at $28,325,372.10. This represents a 1.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aura Minerals Stock Up 4.8%

AUGO stock opened at $64.08 on Friday. Aura Minerals Inc. has a 52 week low of $22.24 and a 52 week high of $110.32. The company has a market capitalization of $5.37 billion and a price-to-earnings ratio of 59.33. The firm’s 50-day moving average is $75.31 and its two-hundred day moving average is $70.96. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $999.00 earnings per share (EPS) for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. On average, analysts forecast that Aura Minerals Inc. will post 10.08 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 4.9%. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. Aura Minerals’s payout ratio is currently 288.89%.

Institutional Investors Weigh In On Aura Minerals

Several large investors have recently modified their holdings of AUGO. Wealth High Governance Capital Ltda acquired a new stake in shares of Aura Minerals during the first quarter worth $4,298,000. Wealth High Governance Asset Management Ltda. acquired a new position in shares of Aura Minerals in the 1st quarter valued at $3,645,000. Rathbones Group PLC purchased a new position in Aura Minerals in the 1st quarter worth about $245,000. 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 in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in Aura Minerals during the 1st quarter worth about $306,000.

Wall Street Analyst Weigh In

AUGO has been the topic of several research analyst reports. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Weiss Ratings lowered Aura Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.60.

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.