Aya Gold & Silver (TSE:AYA) Shares Down 6% After Analyst Downgrade

Aya Gold & Silver Inc. (TSE:AYA) was down 6% during trading on Thursday after National Bankshares lowered their price target on the stock from C$20.75 to C$19.75. National Bankshares currently has an outperform rating on the stock. Aya Gold & Silver traded as low as C$10.29 and last traded at C$10.39. Approximately 1,148,179 shares traded hands during trading, an increase of 40% from the average daily volume of 817,639 shares. The stock had previously closed at C$11.05.

A number of other analysts have also weighed in on AYA. Cormark dropped their target price on shares of Aya Gold & Silver from C$14.00 to C$13.00 in a report on Thursday, January 30th. CIBC decreased their price objective on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday. Stifel Canada raised shares of Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, March 19th. Desjardins reduced their price target on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Stifel Nicolaus set a C$22.50 price objective on shares of Aya Gold & Silver and gave the stock a “buy” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Aya Gold & Silver has a consensus rating of “Buy” and an average target price of C$20.59.

Insider Buying and Selling

In other Aya Gold & Silver news, Senior Officer Alex Ball sold 30,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of C$12.00, for a total value of C$360,000.00. 10.18% of the stock is currently owned by insiders.

Aya Gold & Silver Trading Down 4.9 %

The stock has a market cap of C$913.62 million, a PE ratio of 116.72 and a beta of 1.40. The firm has a 50-day moving average price of C$11.89 and a 200-day moving average price of C$13.67. The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06.

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.