Aura Minerals (TSE:ORA) Reaches New 12-Month High - Still a Buy?

Key Points

• Aura Minerals reached a new 52-week high with shares trading at C$39.02 after recording a high of C$39.45, reflecting strong investor interest.
• National Bank Financial upgraded Aura Minerals to a "strong-buy" rating, indicating positive sentiment and potential for growth.
• The company recently cut its dividend, announcing a $0.33 quarterly dividend, which represents a 3.4% yield with a significant negative payout ratio of -92.83%.

Aura Minerals Inc. (TSE:ORA - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as C$39.45 and last traded at C$39.02, with a volume of 21492 shares trading hands. The stock had previously closed at C$38.62.

Analyst Upgrades and Downgrades

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

Aura Minerals Stock Up 0.7%

The firm's 50 day moving average price is C$35.79 and its two-hundred day moving average price is C$29.38. The company has a market cap of C$1.97 billion, a P/E ratio of -36.73 and a beta of 0.59. The company has a debt-to-equity ratio of 147.80, a quick ratio of 1.22 and a current ratio of 1.13.

Aura Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.32 annualized dividend and a yield of 3.5%. Aura Minerals's dividend payout ratio (DPR) is presently -92.83%.

Insider Transactions at Aura Minerals

In other Aura Minerals news, insider Northwestern Enterprises Ltd. purchased 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. Insiders own 57.96% of the company's stock.

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.