Aura Minerals (TSE:ORA) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Aura Minerals' shares have surpassed their 200-day moving average, reaching a high of C$34.23 during trading, indicating a potential positive market momentum.
• The company has recently increased its quarterly dividend from $0.25 to $0.40, resulting in an annual yield of 4.65% despite a negative dividend payout ratio of -92.83%.
• Insider activity includes a significant purchase by Northwestern Enterprises Ltd., acquiring 15,200 shares at an average price of C$34.27, which reflects strong confidence in the company's performance.

Aura Minerals Inc. (TSE:ORA - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$27.07 and traded as high as C$34.23. Aura Minerals shares last traded at C$33.96, with a volume of 33,514 shares trading hands.

Aura Minerals Stock Performance

The company has a market capitalization of C$1.76 billion, a PE ratio of -32.93 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. The stock's fifty day simple moving average is C$34.31 and its 200-day simple moving average is C$27.34.

Aura Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.70%. This is a positive change from Aura Minerals's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, May 13th. Aura Minerals's dividend payout ratio is -92.83%.

Insider Transactions at Aura Minerals

In other news, insider Northwestern Enterprises Ltd. bought 15,200 shares of Aura Minerals stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of C$34.27 per share, for a total transaction of C$520,904.00. Company insiders own 57.96% of the company's stock.

About Aura Minerals

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.