Key Points
- Director Mauad Bruno Sousa bought 2,800 Aura Minerals shares at $64.95 each for a total of $181,860, bringing his holdings to 437,765 shares worth about $28.4 million.
- The purchase came after a string of recent large insider sales by Sousa, including 100,000 shares sold on May 29 and additional sales on May 28, May 27, and May 12.
- Aura Minerals shares were up 4.1% to $66.86, while analysts currently hold a Moderate Buy consensus with a $67.60 average price target; the company also recently raised its quarterly dividend to $0.78 per share.
Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) Director Mauad Bruno Sousa purchased 2,800 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of $64.95 per share, for a total transaction of $181,860.00. Following the purchase, the director owned 437,765 shares in the company, valued at approximately $28,432,836.75. The trade was a 0.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Mauad Bruno Sousa also recently made the following trade(s):
- On Friday, May 29th, Mauad Bruno Sousa sold 100,000 shares of Aura Minerals stock. The shares were sold at an average price of $77.48, for a total value of $7,748,000.00.
- On Thursday, May 28th, Mauad Bruno Sousa sold 32,356 shares of Aura Minerals stock. The shares were sold at an average price of $76.98, for a total value of $2,490,764.88.
- On Wednesday, May 27th, Mauad Bruno Sousa sold 9,652 shares of Aura Minerals stock. The shares were sold at an average price of $75.62, for a total value of $729,884.24.
- On Tuesday, May 12th, Mauad Bruno Sousa sold 38,384 shares of Aura Minerals stock. The shares were sold at an average price of $83.95, for a total value of $3,222,336.80.
Aura Minerals Trading Up 4.1%
Shares of AUGO opened at $66.86 on Friday. Aura Minerals Inc. has a 52-week low of $22.24 and a 52-week high of $110.32. The business's fifty day moving average is $83.94 and its 200-day moving average is $68.59. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.98. The firm has a market cap of $5.60 billion and a price-to-earnings ratio of 61.91.
Aura Minerals (NASDAQ:AUGO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $999.00 earnings per share (EPS) for the quarter. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%. Equities analysts anticipate that Aura Minerals Inc. will post 10.08 EPS for the current fiscal year.
Aura Minerals Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were given a dividend of $0.78 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 4.7%. This is an increase from Aura Minerals's previous quarterly dividend of $0.66. Aura Minerals's dividend payout ratio is presently 288.89%.
Institutional Investors Weigh In On Aura Minerals
A number of institutional investors have recently made changes to their positions in AUGO. Capital World Investors bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $60,284,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $29,988,000. JPMorgan Chase & Co. bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $27,097,000. Jennison Associates LLC bought a new stake in shares of Aura Minerals in the 1st quarter valued at about $50,378,000. Finally, Bank of America Corp DE bought a new stake in shares of Aura Minerals in the 3rd quarter valued at about $17,623,000.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on AUGO shares. JPMorgan Chase & Co. started coverage on Aura Minerals in a research report on Wednesday, February 25th. They set an "overweight" rating and a $105.00 price objective on the stock. Zacks Research lowered Aura Minerals from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, April 27th. Weiss Ratings upgraded Aura Minerals from a "hold (c)" rating to a "buy (b-)" rating in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded Aura Minerals from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Aura Minerals has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.
View Our Latest Stock Report on AUGO
About Aura Minerals
(
Get Free Report)
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.
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