Insider Selling: Aura Minerals (NASDAQ:AUGO) CEO Sells $4,544,650.00 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) CEO Rodrigo Cardoso Barbosa sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $82.63, for a total transaction of $4,544,650.00. Following the transaction, the chief executive officer owned 739,745 shares of the company’s stock, valued at approximately $61,125,129.35. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rodrigo Cardoso Barbosa also recently made the following trade(s):

• On Monday, May 11th, Rodrigo Cardoso Barbosa sold 60,000 shares of Aura Minerals stock. The shares were sold at an average price of $81.43, for a total transaction of $4,885,800.00.
• On Friday, March 20th, Rodrigo Cardoso Barbosa sold 5,000 shares of Aura Minerals stock. The shares were sold at an average price of $61.75, for a total transaction of $308,750.00.
• On Thursday, March 19th, Rodrigo Cardoso Barbosa sold 10,000 shares of Aura Minerals stock. The shares were sold at an average price of $65.82, for a total transaction of $658,200.00.

Aura Minerals Stock Performance

NASDAQ:AUGO opened at $76.42 on Friday. Aura Minerals Inc. has a twelve month low of $19.25 and a twelve month high of $110.32. 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 company has a 50-day moving average of $84.66 and a 200-day moving average of $64.49. The firm has a market cap of $6.40 billion and a price-to-earnings ratio of 70.76.

Aura Minerals (NASDAQ:AUGO) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($0.24) earnings per share for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. The business had revenue of $321.66 million for the quarter. Analysts forecast that Aura Minerals Inc. will post 10.08 earnings per share for the current fiscal year.

Aura Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.78 per share. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 4.1%. Aura Minerals’s payout ratio is 244.44%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AUGO shares. JPMorgan Chase & Co. started coverage on shares of Aura Minerals in a research report on Wednesday, February 25th. They set an “overweight” rating and a $105.00 price objective for the company. Zacks Research lowered shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, April 27th. 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 reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.60.

Institutional Trading of Aura Minerals

A number of hedge funds have recently bought and sold shares of AUGO. Triumph Capital Management purchased a new stake in shares of Aura Minerals in the fourth quarter worth approximately $25,000. Hollencrest Capital Management lifted its position in shares of Aura Minerals by 307.7% in the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Aura Minerals in the fourth quarter worth approximately $34,000. Virtus Advisers LLC lifted its position in shares of Aura Minerals by 46.4% in the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock worth $133,000 after purchasing an additional 835 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Aura Minerals in the third quarter worth approximately $37,000.

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.