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

Key Points

• Aura Minerals Inc. has recently surpassed its 200-day moving average, trading at C$38.25, above the average of C$29.88.
• The company's recent quarterly dividend of $0.33 per share corresponds to a 3.5% yield and reflects a payout ratio of -92.83%.
• National Bank Financial has upgraded Aura Minerals to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" for the stock.

Aura Minerals Inc. (TSE:ORA - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$29.88 and traded as high as C$39.69. Aura Minerals shares last traded at C$38.25, with a volume of 97,770 shares.

Wall Street Analyst Weigh In

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

Aura Minerals Trading Down 1.6%

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$35.89 and a two-hundred day simple moving average of C$29.88. The company has a market cap of C$1.98 billion, a PE ratio of -36.99 and a beta of 0.59.

Aura Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders 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 yield of 3.5%. The ex-dividend date of this dividend is Monday, August 18th. Aura Minerals's payout ratio is -92.83%.

Insiders Place Their Bets

In other Aura Minerals news, insider Northwestern Enterprises Ltd. bought 15,200 shares of the stock in a transaction on Wednesday, June 11th. The shares were bought at an average price of C$34.27 per share, with a total value of C$520,904.00. 57.96% of the stock is currently owned by company insiders.

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.

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