Insider Selling: Aura Minerals (NASDAQ:AUGO) CFO Sells 60,000 Shares

Aura Minerals Inc. (NASDAQ:AUGO) CFO Santos Cardoso Joao Kleber Dos sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $61.95, for a total value of $3,717,000.00. Following the completion of the sale, the chief financial officer directly owned 118,111 shares in the company, valued at approximately $7,316,976.45. This trade represents a 33.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aura Minerals Stock Performance

Shares of AUGO traded down $2.33 during midday trading on Wednesday, hitting $60.62. 917,229 shares of the stock traded hands, compared to its average volume of 1,128,530. The business’s 50 day moving average price is $72.65 and its two-hundred day moving average price is $71.57. The firm has a market capitalization of $5.08 billion and a PE ratio of 56.13. 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 Inc. has a 1-year low of $22.24 and a 1-year high of $110.32.

Aura Minerals (NASDAQ:AUGO) last released its quarterly earnings data on Wednesday, May 20th. The company reported $999.00 earnings per share for the quarter. Aura Minerals had a net margin of 7.80% and a return on equity of 111.96%. Equities research analysts predict that Aura Minerals Inc. will post 7.78 EPS 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 given a dividend of $0.78 per share. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 5.1%. Aura Minerals’s payout ratio is presently 288.89%.

Hedge Funds Weigh In On Aura Minerals

A number of hedge funds have recently modified their holdings of AUGO. Wealth High Governance Capital Ltda purchased a new stake in shares of Aura Minerals during the first quarter valued at $4,298,000. Wealth High Governance Asset Management Ltda. purchased a new position in Aura Minerals in the 1st quarter worth about $3,645,000. Rathbones Group PLC acquired a new stake in Aura Minerals during the 1st quarter worth about $245,000. Bank of America Corp DE raised its holdings in Aura Minerals by 42.5% during the 1st quarter. Bank of America Corp DE now owns 977,212 shares of the company’s stock worth $79,740,000 after buying an additional 291,623 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. purchased a new stake in Aura Minerals during the first quarter valued at about $306,000.

Wall Street Analyst Weigh In

AUGO has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Aura Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Aura Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Finally, Zacks Research raised Aura Minerals from a “strong sell” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Aura Minerals currently has an average rating of “Moderate Buy” and an average target price of $67.60.

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.