Aura Minerals (TSE:ORA) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Aura Minerals Inc. (TSE:ORA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$42.06 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

Separately, The Goldman Sachs Group raised Aura Minerals to a “strong-buy” rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Aura Minerals Price Performance

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 firm has a market capitalization of C$3.84 billion, a price-to-earnings ratio of -56.06 and a beta of 1.19. The company’s 50 day moving average is C$45.97 and its 200-day moving average is C$42.06.

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. In addition, the company has two additional gold projects in Brazil, Almas and Matupa, and one gold project in Colombia, Tolda Fria.