Aura Minerals (TSE:ORA) Reaches New 52-Week High Following Insider Buying Activity

Shares of Aura Minerals Inc. (TSE:ORA) hit a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as C$37.01 and last traded at C$36.88, with a volume of 80313 shares. The stock had previously closed at C$35.38.

Specifically, insider Northwestern Enterprises Ltd. bought 15,200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of C$34.27 per share, for a total transaction of C$520,904.00.

Aura Minerals Stock Up 4.5%

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 capitalization of C$1.91 billion, a PE ratio of -35.74 and a beta of 0.59. The business has a 50-day moving average of C$28.81 and a 200 day moving average of C$23.39.

Aura Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 20th were paid a dividend of $0.40 per share. This is an increase from Aura Minerals’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 4.33%. Aura Minerals’s dividend payout ratio is presently -92.83%.

Aura Minerals Company Profile

Aura Minerals Inc, a gold and copper production company, focuses on the development and operation of gold and base metal projects in the Americas. It operates through Minosa Mine, Apoena Mines, The Aranzazu Mine, Corporate, Almas, and Projects segments. The company primarily explores for gold and copper in Brazil, Mexico, and Honduras.