Aura Minerals (NASDAQ:AUGO) CEO Rodrigo Cardoso Barbosa Sells 60,000 Shares

Aura Minerals Inc. (NASDAQ:AUGO) CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the stock in a transaction that occurred on 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 directly owned 794,745 shares of the company’s stock, valued at approximately $64,716,085.35. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 stock was 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 stock was 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 stock was sold at an average price of $65.82, for a total value of $658,200.00.

Aura Minerals Trading Down 5.3%

AUGO stock traded down $4.46 on Wednesday, reaching $79.26. The company’s stock had a trading volume of 733,554 shares, compared to its average volume of 765,826. The business has a fifty day simple moving average of $84.94 and a two-hundred day simple moving average of $64.08. Aura Minerals Inc. has a 12-month low of $18.74 and a 12-month high of $110.32. The firm has a market cap of $6.64 billion and a PE ratio of 73.39. 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 announced its quarterly earnings results on Saturday, February 14th. The company reported ($0.24) EPS for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.The business had revenue of $321.66 million during the quarter. As a group, research analysts forecast that Aura Minerals Inc. will post 10.08 EPS for the current year.

Aura Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This is a positive change from Aura Minerals’s previous quarterly dividend of $0.66. This represents a $3.12 dividend on an annualized basis and a yield of 3.9%. Aura Minerals’s payout ratio is 244.44%.

Hedge Funds Weigh In On Aura Minerals

Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. bought a new position in shares of Aura Minerals during the third quarter valued at $1,997,000. JPMorgan Chase & Co. bought a new position in shares of Aura Minerals during the third quarter valued at $27,097,000. Artisan Partners Limited Partnership bought a new position in shares of Aura Minerals during the third quarter valued at $1,819,000. William Blair Investment Management LLC bought a new position in shares of Aura Minerals during the third quarter valued at $16,901,000. Finally, Capital World Investors bought a new position in shares of Aura Minerals during the third quarter valued at $60,284,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Aura Minerals in a report on Friday, March 27th. Wall Street Zen upgraded Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. assumed coverage on Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price objective for the company. Finally, Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.