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Aura Minerals (TSE:ORA) Shares Pass Above 200 Day Moving Average - Here's Why

Aura Minerals logo with Basic Materials background

Key Points

  • Aura Minerals' stock price has crossed above its 200-day moving average of C$28.57, reaching a high of C$36.93 during trading, with a current market capitalization of C$1.91 billion.
  • The company has announced a quarterly dividend of $0.33 per share, with a significant dividend payout ratio of -92.83%.
  • Insider Northwestern Enterprises Ltd. recently acquired 10,000 shares at an average price of C$36.19, indicating strong insider confidence in the company's stock.
  • Need better tools to track Aura Minerals? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Aura Minerals Inc. (TSE:ORA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.57 and traded as high as C$36.93. Aura Minerals shares last traded at C$36.93, with a volume of 184,811 shares.

Analyst Ratings Changes

Separately, National Bank Financial raised Aura Minerals to a "strong-buy" rating in a report on Wednesday.

Get Our Latest Report on Aura Minerals

Aura Minerals Stock Up 1.0%

The business has a 50 day simple moving average of C$35.56 and a 200 day simple moving average of C$28.97. The company has a debt-to-equity ratio of 147.80, a current ratio of 1.13 and a quick ratio of 1.22. The stock has a market cap of C$2.02 billion, a PE ratio of -37.72 and a beta of 0.59.

Aura Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, August 18th. Aura Minerals's dividend payout ratio is -92.83%.

Insider Activity

In other Aura Minerals news, insider Northwestern Enterprises Ltd. acquired 10,000 shares of the business's 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. Company insiders own 57.96% of the company's stock.

About Aura Minerals

(Get Free Report)

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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