Aura Minerals (TSE:ORA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Aura Minerals Inc. (TSE:ORA)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.64 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 Analyst Weigh In

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

Aura Minerals Stock Down 3.9%

The firm has a fifty day simple moving average of C$45.97 and a 200 day simple moving average of C$40.64. 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 market cap of C$3.84 billion, a PE ratio of -56.06 and a beta of 1.19.

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.