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

Key Points

• Aura Minerals' stock crossed above its 200-day moving average, trading at C$33.62 after reaching a high of C$34.53, indicating positive momentum.
• The company declared an increase in its quarterly dividend to $0.40, yielding approximately 4.8%, up from the previous dividend of $0.25.
• Insider Northwestern Enterprises Ltd. acquired 15,200 shares of Aura Minerals at an average price of C$34.27, reflecting confidence in the company's prospects.

Shares of Aura Minerals Inc. (TSE:ORA - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$27.73 and traded as high as C$34.53. Aura Minerals shares last traded at C$33.62, with a volume of 27,234 shares.

Aura Minerals Price Performance

The firm has a market capitalization of C$1.78 billion, a P/E ratio of -33.19 and a beta of 0.59. The business has a fifty day moving average of C$35.04 and a 200-day moving average of C$28.01. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This is a positive change from Aura Minerals's previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a yield of 4.7%. Aura Minerals's dividend payout ratio is presently -92.83%.

Insider Buying and Selling

In other news, insider Northwestern Enterprises Ltd. bought 10,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of C$36.19 per share, with a total value of C$361,900.00. 57.96% of the stock is currently owned by insiders.

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.