Aura Minerals (TSE:ORA) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Aura Minerals Inc. (TSE:ORA) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$38.10 and traded as high as C$48.12. Aura Minerals shares last traded at C$45.97, with a volume of 251,753 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ORA shares. The Goldman Sachs Group raised Aura Minerals to a “strong-buy” rating in a research report on Monday, October 13th. National Bank Financial raised Aura Minerals to a “strong-buy” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Aura Minerals Trading Down 3.9%

The business’s 50-day simple moving average is C$45.64 and its 200-day simple moving average is C$38.10. The company has a market cap of C$3.84 billion, a PE ratio of -56.06 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 1.22 and a debt-to-equity ratio of 147.80.

Aura Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 18th. Aura Minerals’s dividend payout ratio (DPR) 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.