Insider Selling: Aura Minerals (NASDAQ:AUGO) COO Sells $3,505,000.00 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) COO Luvizotto Glauber Rosa sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $70.10, for a total transaction of $3,505,000.00. Following the transaction, the chief operating officer directly owned 340,628 shares in the company, valued at $23,878,022.80. This represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Monday, August 10th, Luvizotto Glauber Rosa sold 50,000 shares of Aura Minerals stock. The shares were sold at an average price of $75.02, for a total transaction of $3,751,000.00.
• On Thursday, July 2nd, Luvizotto Glauber Rosa sold 19,010 shares of Aura Minerals stock. The shares were sold at an average price of $65.23, for a total value of $1,240,022.30.
• 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 value of $1,459,894.09.
• On Monday, June 22nd, Luvizotto Glauber Rosa sold 6,323 shares of Aura Minerals stock. The stock was sold at an average price of $65.22, for a total value of $412,386.06.

Aura Minerals Price Performance

Aura Minerals stock opened at $74.85 on Friday. The firm has a market cap of $6.27 billion and a PE ratio of 21.14. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82. The stock’s fifty day moving average price is $61.08 and its two-hundred day moving average price is $72.99. Aura Minerals Inc. has a one year low of $26.00 and a one year high of $110.32.

Aura Minerals (NASDAQ:AUGO) last released its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share for the quarter. The firm had revenue of $335.97 million during the quarter. Aura Minerals had a return on equity of 103.62% and a net margin of 23.18%. As a group, research analysts expect that Aura Minerals Inc. will post 5.55 EPS for the current fiscal year.

Aura Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, August 18th. Aura Minerals’s dividend payout ratio is presently 88.14%.

Analysts Set New Price Targets

AUGO has been the subject of several analyst reports. Weiss Ratings upgraded shares of Aura Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Bank of America reduced their price target on shares of Aura Minerals from $122.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. JPMorgan Chase & Co. decreased their price objective on shares of Aura Minerals from $104.50 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Zacks Research downgraded shares of Aura Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Aura Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.27.

Institutional Investors Weigh In On Aura Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management acquired a new position in Aura Minerals during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in Aura Minerals in the fourth quarter valued at approximately $34,000. Quarry LP acquired a new stake in Aura Minerals in the third quarter valued at approximately $37,000. Hollencrest Capital Management grew its stake in shares of Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Aura Minerals during the third quarter worth $108,000.

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.