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

Aura Minerals Inc. (TSE:ORA)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$35.65 and traded as high as C$48.12. Aura Minerals shares last traded at C$45.97, with a volume of 251,753 shares traded.

Wall Street Analysts Forecast Growth

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

Aura Minerals Stock Performance

The company has a market cap of C$3.84 billion, a P/E 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. The company’s fifty day moving average is C$43.23 and its 200 day moving average is C$35.65.

Aura Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders 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 annualized dividend and a yield of 2.9%. Aura Minerals’s dividend payout ratio is presently -108.54%.

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.