Aya Gold & Silver (TSE:AYA) Trading Down 3.9% – What’s Next?

Aya Gold & Silver Inc. (TSE:AYA)’s share price fell 3.9% on Thursday . The company traded as low as C$11.86 and last traded at C$11.91. 1,634,609 shares traded hands during mid-day trading, an increase of 70% from the average session volume of 964,089 shares. The stock had previously closed at C$12.39.

Analysts Set New Price Targets

A number of brokerages have weighed in on AYA. National Bankshares increased their price target on shares of Aya Gold & Silver from C$18.75 to C$19.00 and gave the company an “outperform” rating in a report on Tuesday, June 24th. Stifel Nicolaus increased their price target on shares of Aya Gold & Silver from C$22.50 to C$23.00 in a report on Monday, April 21st. Scotiabank reduced their price target on shares of Aya Gold & Silver from C$19.00 to C$18.50 and set an “outperform” rating for the company in a report on Monday, June 23rd. Citigroup reduced their price target on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set a “buy” rating for the company in a report on Tuesday, June 24th. Finally, Desjardins set a C$20.00 price target on shares of Aya Gold & Silver and gave the company a “buy” rating in a report on Thursday, June 19th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$19.64.

Aya Gold & Silver Stock Down 3.9%

The business’s fifty day moving average price is C$12.84 and its 200 day moving average price is C$11.85. The company has a market capitalization of C$1.10 billion, a P/E ratio of 140.71 and a beta of 1.40. The company has a current ratio of 2.06, a quick ratio of 3.28 and a debt-to-equity ratio of 34.69.

Insider Activity at Aya Gold & Silver

In other Aya Gold & Silver news, Director John Feliks Burzynski acquired 5,000 shares of Aya Gold & Silver stock in a transaction dated Thursday, June 19th. The stock was bought at an average cost of C$12.98 per share, with a total value of C$64,900.00. Over the last ninety days, insiders have bought 20,000 shares of company stock worth $250,500. 10.18% of the stock is currently owned by company insiders.

About Aya Gold & Silver

Aya Gold & Silver Inc, together with its subsidiaries, engages in the exploration, evaluation, and development of precious metals projects in Morocco. The company primarily explores for gold and silver deposits. Its flagship project is the Zgounder property located approximately 265 kms east of Agadir in the Proterozoic Siroua Massif of the Anti-Atlas Range, Morocco.