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

Key Points

• Aura Minerals reached a new 52-week high at C$40.91 with a closing price of C$40.77, reflecting strong investor interest.
• National Bank Financial has upgraded Aura Minerals to a "strong-buy" rating, with analysts giving an overall average rating of "Strong Buy."
• The company recently declared a quarterly dividend of $0.33, despite a high dividend payout ratio of -108.54%, indicating potential concerns regarding sustainability.

Aura Minerals Inc. (TSE:ORA - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$40.91 and last traded at C$40.77, with a volume of 2789 shares trading hands. The stock had previously closed at C$40.11.

Wall Street Analysts Forecast Growth

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

Aura Minerals Trading Up 3.4%

The stock has a market cap of C$3.46 billion, a P/E ratio of -50.56 and a beta of 1.02. The business's 50 day simple moving average is C$36.15 and its 200 day simple moving average is C$30.50. The company has a debt-to-equity ratio of 147.80, a current ratio of 1.13 and a quick ratio of 1.22.

Aura Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.2%. Aura Minerals's dividend payout ratio (DPR) is currently -108.54%.

Insider Buying and Selling at Aura Minerals

In related news, insider Northwestern Enterprises Ltd. purchased 10,000 shares of the 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. 57.96% of the stock is currently owned by corporate insiders.

Aura Minerals Company Profile

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.

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