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Aura Minerals (TSE:ORA) Reaches New 52-Week High - Still a Buy?

Aura Minerals logo with Basic Materials background

Key Points

  • Aura Minerals Inc. reached a new 52-week high with its share price trading as high as C$39.69, with a market capitalization of C$1.99 billion.
  • National Bank Financial upgraded Aura Minerals to a "strong-buy" rating, contributing to its positive market outlook.
  • The company recently declared a quarterly dividend of $0.33 per share, with a significant dividend payout ratio of -92.83% indicating negative retained earnings.
  • Need better tools to track Aura Minerals? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Aura Minerals Inc. (TSE:ORA - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$39.69 and last traded at C$38.28, with a volume of 13928 shares. The stock had previously closed at C$38.88.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded Aura Minerals to a "strong-buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Aura Minerals has an average rating of "Strong Buy".

Check Out Our Latest Stock Report on Aura Minerals

Aura Minerals Stock Performance

The firm has a market capitalization of C$2.08 billion, a price-to-earnings ratio of -38.87 and a beta of 0.59. The stock's fifty day moving average is C$35.98 and its two-hundred day moving average is C$30.01. The company has a quick ratio of 1.22, a current ratio of 1.13 and a debt-to-equity ratio of 147.80.

Aura Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 26th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 3.3%. Aura Minerals's dividend payout ratio is presently -92.83%.

Insider Activity

In related news, insider Northwestern Enterprises Ltd. bought 10,000 shares of Aura Minerals stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average price of C$36.19 per share, with a total value of C$361,900.00. Corporate insiders own 57.96% of the company's stock.

About Aura Minerals

(Get Free Report)

Aura Minerals Inc is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's producing assets include the San Andres gold mine in Honduras, the Ernesto/Paua -Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in Mexico and the Gold Road mine in the United States.

See Also

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