Aura Minerals (TSE:ORA) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Aura Minerals (TSE:ORA) stock has crossed above its 200-day moving average, trading as high as C$44.49, with its last trading price at C$44.09.
• National Bank Financial has upgraded Aura Minerals to a "strong-buy" rating, with the stock currently holding a consensus rating of "Strong Buy."
• The company has recently cut its dividend, with a dividend payout ratio of -108.54%, indicating that annualized dividends amount to C$1.32 with a yield of 3.0%.

Aura Minerals Inc. (TSE:ORA - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$31.99 and traded as high as C$44.49. Aura Minerals shares last traded at C$44.09, with a volume of 55,334 shares changing hands.

Analyst Ratings Changes

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

Aura Minerals Trading Up 3.0%

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 company has a 50 day simple moving average of C$38.18 and a two-hundred day simple moving average of C$32.45. The firm has a market cap of C$3.67 billion, a PE ratio of -53.57 and a beta of 1.19.

Aura Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 26th were paid 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 3.0%. Aura Minerals's payout ratio is currently -108.54%.

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.