Aura Minerals (NASDAQ:AUGO) CEO Sells $4,885,800.00 in Stock

Aura Minerals Inc. (NASDAQ:AUGO) CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $81.43, for a total value of $4,885,800.00. Following the sale, the chief executive officer owned 794,745 shares in the company, valued at approximately $64,716,085.35. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, May 12th, Rodrigo Cardoso Barbosa sold 55,000 shares of Aura Minerals stock. The shares were sold at an average price of $82.63, for a total value of $4,544,650.00.
• 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 value 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 value of $658,200.00.

Aura Minerals Price Performance

Shares of AUGO traded down $4.46 during midday trading on Wednesday, hitting $79.26. 733,554 shares of the company traded hands, compared to its average volume of 765,826. The stock has a 50-day moving average of $84.94 and a 200-day moving average of $64.08. Aura Minerals Inc. has a one year low of $18.74 and a one year high of $110.32. The firm has a market cap of $6.64 billion and a P/E ratio of 73.39. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.75.

Aura Minerals (NASDAQ:AUGO) last announced its quarterly earnings results 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 company had revenue of $321.66 million for the quarter. As a group, sell-side analysts predict that Aura Minerals Inc. will post 10.08 EPS for the current fiscal year.

Aura Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.9%. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 19th. Aura Minerals’s dividend payout ratio (DPR) is currently 244.44%.

Analyst Upgrades and Downgrades

Several research analysts 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 issued an “overweight” rating and a $105.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Aura Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research cut shares of Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, April 27th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.60.

Institutional Trading of Aura Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of AUGO. Capital World Investors purchased a new stake in Aura Minerals in the third quarter worth approximately $60,284,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Aura Minerals during the third quarter valued at approximately $29,988,000. JPMorgan Chase & Co. purchased a new stake in shares of Aura Minerals during the third quarter valued at approximately $27,097,000. Jennison Associates LLC purchased a new stake in shares of Aura Minerals during the first quarter valued at approximately $50,378,000. Finally, Bank of America Corp DE purchased a new stake in shares of Aura Minerals during the third quarter valued at approximately $17,623,000.

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.