Aura Minerals (NASDAQ:AUGO) Director Mauad Bruno Sousa Sells 100,000 Shares of Stock

Aura Minerals Inc. (NASDAQ:AUGO) Director Mauad Bruno Sousa sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $77.48, for a total value of $7,748,000.00. Following the sale, the director owned 434,965 shares of the company’s stock, valued at approximately $33,701,088.20. This represents a 18.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 28th, Mauad Bruno Sousa sold 32,356 shares of Aura Minerals stock. The stock was sold at an average price of $76.98, for a total value of $2,490,764.88.
• On Wednesday, May 27th, Mauad Bruno Sousa sold 9,652 shares of Aura Minerals stock. The shares were sold at an average price of $75.62, for a total value 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 value of $3,222,336.80.

Aura Minerals Trading Down 6.4%

Shares of AUGO stock opened at $72.30 on Tuesday. 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 stock has a market cap of $6.06 billion and a P/E ratio of 66.95. The stock has a 50 day simple moving average of $83.81 and a 200 day simple moving average of $67.94. Aura Minerals Inc. has a 1 year low of $22.24 and a 1 year high of $110.32.

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

Aura Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.12 annualized dividend and a yield of 4.3%. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s dividend payout ratio is 288.89%.

Hedge Funds Weigh In On Aura Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of 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 buying an additional 291,623 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Aura Minerals in the 1st quarter worth approximately $306,000. Entropy Technologies LP boosted its stake in shares of Aura Minerals by 15.5% in the 1st quarter. Entropy Technologies LP now owns 8,200 shares of the company’s stock worth $669,000 after buying an additional 1,100 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Aura Minerals in the 1st quarter worth approximately $751,000. Finally, Hilltop Holdings Inc. purchased a new position in shares of Aura Minerals in the 1st quarter worth approximately $426,000.

Analysts Set New Price Targets

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