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

Aura Minerals Inc. (TSE:ORA) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$43.29 and traded as high as C$48.12. Aura Minerals shares last traded at C$45.97, with a volume of 251,753 shares.

Wall Street Analyst Weigh In

Separately, 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, the stock presently has a consensus rating of “Strong Buy”.

Aura Minerals Stock Down 3.9%

The company has a quick ratio of 1.22, a current ratio of 1.13 and a debt-to-equity ratio of 147.80. The business has a 50-day simple moving average of C$45.97 and a 200-day simple moving average of C$43.29. The stock has a market cap of C$3.84 billion, a P/E ratio of -56.06 and a beta of 1.19.

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