Aura Minerals (TSE:ORA) Reaches New 1-Year High - Time to Buy?

Key Points

• Aura Minerals shares reached a new 52-week high of C$47.39, reflecting a significant increase from the previous close of C$43.93.
• National Bank Financial upgraded the stock to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.
• The company announced a quarterly dividend of $0.33 per share, resulting in an annualized yield of 2.8%, despite a payout ratio of -108.54%.

Shares of Aura Minerals Inc. (TSE:ORA - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$47.39 and last traded at C$47.39, with a volume of 21248 shares. The stock had previously closed at C$43.93.

Analyst Upgrades and Downgrades

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

Aura Minerals Trading Up 7.9%

The stock has a 50-day moving average of C$38.40 and a 200 day moving average of C$32.77. The stock has a market cap of C$3.96 billion, a PE ratio of -57.83 and a beta of 1.19. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th were given a $0.33 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. 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.