Mauad Bruno Sousa Sells 166,000 Shares of Aura Minerals (NASDAQ:AUGO) Stock

Key Points

  • Director Mauad Bruno Sousa sold 166,000 Aura Minerals shares at an average price of $90.65, generating approximately $15.05 million. His remaining stake fell to 1,041 shares, a 99.38% reduction.
  • The sale follows several other large transactions by Sousa, including more than 73,000 shares sold on September 17 and substantial sales in August and September, indicating a significant recent reduction in his holdings.
  • Aura Minerals shares opened at $85.34, near the consensus analyst price target of $86.95. Analysts maintain a “Moderate Buy” consensus, while the company reported $2.57 quarterly EPS and pays a $2.88 annualized dividend yielding about 3.4%.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) Director Mauad Sousa sold 166,000 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $90.65, for a total transaction of $15,047,900.00. Following the completion of the sale, the director owned 1,041 shares of the company's stock, valued at $94,366.65. This trade represents a 99.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mauad Bruno Sousa also recently made the following trade(s):

  • On Thursday, September 17th, Mauad Sousa sold 73,925 shares of Aura Minerals stock. The stock was sold at an average price of $92.40, for a total value of $6,830,670.00.
  • On Friday, September 11th, Mauad Sousa sold 54,991 shares of Aura Minerals stock. The shares were sold at an average price of $87.40, for a total value of $4,806,213.40.
  • On Wednesday, September 9th, Mauad Sousa sold 53,627 shares of Aura Minerals stock. The shares were sold at an average price of $86.61, for a total value of $4,644,634.47.
  • On Tuesday, September 1st, Mauad Sousa bought 1 shares of Aura Minerals stock. The shares were acquired at an average price of $81.10 per share, with a total value of $81.10.
  • On Monday, August 31st, Mauad Sousa sold 127,500 shares of Aura Minerals stock. The stock was sold at an average price of $81.20, for a total value of $10,353,000.00.
  • On Monday, August 31st, Mauad Sousa purchased 10 shares of Aura Minerals stock. The stock was acquired at an average price of $79.89 per share, for a total transaction of $798.90.
  • On Friday, August 28th, Mauad Sousa sold 157,500 shares of Aura Minerals stock. The shares were sold at an average price of $86.73, for a total value of $13,659,975.00.
  • On Friday, August 28th, Mauad Sousa purchased 252,000 shares of Aura Minerals stock. The shares were acquired at an average cost of $86.48 per share, with a total value of $21,792,960.00.
  • On Monday, August 24th, Mauad Sousa sold 120,757 shares of Aura Minerals stock. The stock was sold at an average price of $88.45, for a total transaction of $10,680,956.65.
  • On Friday, August 21st, Mauad Sousa sold 222,652 shares of Aura Minerals stock. The shares were sold at an average price of $88.11, for a total transaction of $19,617,867.72.

Aura Minerals Price Performance




Shares of AUGO opened at $85.34 on Thursday. The firm has a market capitalization of $7.15 billion, a PE ratio of 24.11 and a beta of 0.28. The company's 50-day moving average is $75.08 and its 200-day moving average is $75.38. Aura Minerals Inc. has a fifty-two week low of $29.11 and a fifty-two week high of $110.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.06 and a quick ratio of 0.82.

Aura Minerals (NASDAQ:AUGO - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $2.57 earnings per share (EPS) for the quarter. The company had revenue of $335.97 million during the quarter. Aura Minerals had a net margin of 23.18% and a return on equity of 103.62%. Equities analysts forecast that Aura Minerals Inc. will post 5.45 EPS for the current year.

Aura Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, August 18th. This represents a $2.88 annualized dividend and a yield of 3.4%. Aura Minerals's dividend payout ratio (DPR) is 81.36%.

Analyst Ratings Changes

AUGO has been the topic of several research reports. Scotiabank initiated coverage on Aura Minerals in a research report on Thursday, September 17th. They issued a "sector outperform" rating and a $110.00 target price on the stock. Zacks Research raised Aura Minerals from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Santander cut Aura Minerals from an "outperform" rating to a "neutral" rating in a report on Monday, August 31st. Bank of America reduced their price target on Aura Minerals from $122.00 to $94.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings raised Aura Minerals from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.95.

Get Our Latest Report on AUGO

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Andra AP fonden acquired a new stake in shares of Aura Minerals in the second quarter valued at approximately $10,550,000. Tidal Investments LLC boosted its stake in shares of Aura Minerals by 56.7% in the second quarter. Tidal Investments LLC now owns 13,305 shares of the company's stock valued at $838,000 after buying an additional 4,816 shares during the period. Corient Private Wealth LP acquired a new stake in Aura Minerals during the second quarter worth approximately $446,000. Absolute Gestao de Investimentos Ltda. increased its stake in Aura Minerals by 1,379.1% during the 2nd quarter. Absolute Gestao de Investimentos Ltda. now owns 55,467 shares of the company's stock worth $3,492,000 after acquiring an additional 51,717 shares during the period. Finally, Triumph Capital Management increased its stake in Aura Minerals by 32.4% during the 2nd quarter. Triumph Capital Management now owns 596 shares of the company's stock worth $38,000 after acquiring an additional 146 shares during the period.

Aura Minerals Company Profile

(Get Free Report)

Aura Minerals Inc is a mining company focused on the exploration, development, and production of precious and base metals. Its operations primarily produce gold, with copper and silver recovered as additional products from certain deposits. The company sells its output in the form of gold doré and metal concentrates.

Aura's operating portfolio includes the Almas and Apoena gold operations in Brazil, the Aranzazu copper-gold-silver mine in Mexico, and the San Andrés gold mine in Honduras.

See Also

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