Aura Minerals (TSE:ORA) Sets New 1-Year High - Here's Why

Key Points

• Aura Minerals shares reached a new 52-week high of C$44.73, with the stock currently trading at C$43.62.
• National Bank Financial upgraded Aura Minerals to a "strong-buy" rating, indicating bullish sentiment among analysts.
• The company has a market capitalization of C$3.62 billion but also displays a high debt-to-equity ratio of 147.80.

Aura Minerals Inc. (TSE:ORA - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$44.73 and last traded at C$43.62, with a volume of 9649 shares. The stock had previously closed at C$43.77.

Analyst Ratings Changes

Separately, National Bank Financial upgraded 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 data from MarketBeat, the company has an average rating of "Strong Buy".

Aura Minerals Price Performance

The company has a 50 day moving average price of C$37.53 and a 200 day moving average price of C$31.70. The firm has a market cap of C$3.69 billion, a PE ratio of -53.90 and a beta of 1.19. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 18th. Aura Minerals's dividend payout ratio is currently -108.54%.

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.