Insider Selling: Aura Minerals (NASDAQ:AUGO) COO Sells 19,010 Shares

Aura Minerals Inc. (NASDAQ:AUGO) COO Luvizotto Glauber Rosa sold 19,010 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $65.23, for a total transaction of $1,240,022.30. Following the completion of the sale, the chief operating officer owned 390,628 shares in the company, valued at $25,480,664.44. This represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Luvizotto Glauber Rosa also recently made the following trade(s):

• On Friday, June 26th, Luvizotto Glauber Rosa sold 22,367 shares of Aura Minerals stock. The shares were sold at an average price of $65.27, for a total transaction of $1,459,894.09.
• On Monday, June 22nd, Luvizotto Glauber Rosa sold 6,323 shares of Aura Minerals stock. The shares were sold at an average price of $65.22, for a total transaction of $412,386.06.

Aura Minerals Trading Up 3.5%

Aura Minerals stock opened at $67.73 on Tuesday. The stock has a market cap of $5.68 billion and a P/E ratio of 62.71. Aura Minerals Inc. has a fifty-two week low of $22.24 and a fifty-two week high of $110.32. The firm’s fifty day moving average price is $70.96 and its 200-day moving average price is $71.98. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98.

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. The company had revenue of $382.61 million for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. Equities research analysts forecast that Aura Minerals Inc. will post 7.78 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, May 19th. This is an increase from Aura Minerals’s previous quarterly dividend of $0.66. Aura Minerals’s payout ratio is 288.89%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in Aura Minerals during the third quarter valued at about $60,284,000. Bank of America Corp DE boosted its holdings 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 purchasing an additional 291,623 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its holdings in shares of Aura Minerals by 8.8% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 877,211 shares of the company’s stock worth $44,225,000 after purchasing an additional 71,289 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Aura Minerals during the 3rd quarter valued at about $27,097,000. Finally, Marshall Wace LLP increased its position in shares of Aura Minerals by 32.7% during the 4th quarter. Marshall Wace LLP now owns 623,662 shares of the company’s stock valued at $31,439,000 after purchasing an additional 153,828 shares during the last quarter.

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.