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

Aura Minerals Inc. (TSE:ORA)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$37.38 and traded as high as C$48.12. Aura Minerals shares last traded at C$45.97, with a volume of 251,753 shares trading hands.

Wall Street Analysts Forecast Growth

ORA has been the subject of a number of research reports. National Bank Financial upgraded Aura Minerals to a “strong-buy” rating in a report on Wednesday, August 13th. The Goldman Sachs Group upgraded Aura Minerals to a “strong-buy” rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Aura Minerals currently has a consensus rating of “Strong Buy”.

Aura Minerals Stock Performance

The business has a fifty day simple moving average of C$45.05 and a two-hundred day simple moving average of C$37.38. 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 company has a market cap of C$3.84 billion, a PE ratio of -56.06 and a beta of 1.19.

Aura Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 26th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. Aura Minerals’s dividend payout ratio is presently -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.