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

Aya Gold & Silver Inc. (TSE:AYA)’s share price was down 6% 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 changed hands during mid-day 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 commented on AYA. Cormark cut their price target on Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday, January 30th. Stifel Nicolaus set a C$22.50 target price on shares of Aya Gold & Silver and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Desjardins reduced their target price on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. CIBC dropped their price target on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. Finally, Stifel Canada upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$20.59.

Insider Activity

In other news, Senior Officer Alex Ball sold 20,000 shares of Aya Gold & Silver stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$12.08, for a total value of C$241,600.00. Insiders own 10.18% of the company’s stock.

Aya Gold & Silver Trading Down 10.3 %

The company has a debt-to-equity ratio of 34.69, a current ratio of 2.06 and a quick ratio of 3.28. The stock has a market cap of C$819.30 million, a P/E ratio of 104.67 and a beta of 1.40. The firm’s fifty day moving average price is C$11.84 and its two-hundred day moving average price is C$13.61.

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.