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

Aura Minerals Inc. (TSE:ORA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Aura Minerals to a “strong-buy” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Aura Minerals currently has a consensus rating of “Strong Buy”.

Aura Minerals Stock Down 3.9%

The firm’s 50-day simple moving average is C$45.97 and its 200-day simple moving average is C$43.29. 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 capitalization of C$3.84 billion, a price-to-earnings 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. In addition, the company has two additional gold projects in Brazil, Almas and Matupa, and one gold project in Colombia, Tolda Fria.