Aya Gold & Silver (NASDAQ:AYA) Shares Gap Up – Should You Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $26.37, but opened at $27.25. Aya Gold & Silver shares last traded at $28.2740, with a volume of 148,238 shares changing hands.

Analyst Ratings Changes

Several research analysts recently issued reports on AYA shares. Desjardins upgraded shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Friday, May 15th. Zacks Research upgraded shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aya Gold & Silver in a research report on Monday. Finally, Scotiabank raised shares of Aya Gold & Silver to a “strong-buy” rating in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Aya Gold & Silver Price Performance

The company has a current ratio of 2.02, a quick ratio of 1.70 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.29 billion and a PE ratio of 53.25. The business’s 50 day moving average price is $22.99.

Aya Gold & Silver (NASDAQ:AYA) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). Aya Gold & Silver had a net margin of 32.92% and a return on equity of 25.49%. On average, sell-side analysts expect that Aya Gold & Silver Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aya Gold & Silver

Hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. acquired a new position in shares of Aya Gold & Silver in the 2nd quarter valued at $39,000. BlackRock Inc. acquired a new stake in Aya Gold & Silver during the 2nd quarter worth $502,000. Quantbot Technologies LP acquired a new stake in Aya Gold & Silver during the 2nd quarter worth $557,000. Alberta Investment Management Corp bought a new position in Aya Gold & Silver during the second quarter worth about $663,000. Finally, Public Employees Retirement System of Ohio bought a new position in Aya Gold & Silver during the second quarter worth about $673,000.

About Aya Gold & Silver

Aya Gold & Silver is a precious metals company focused on the exploration, development, and production of silver and gold. The company is best known for its operations in Morocco, where it is advancing and operating assets within the country’s mining sector.

The company’s business activities center on identifying, developing, and optimizing mineral resources, with an emphasis on silver production and related byproducts. Aya Gold & Silver is involved in the full mining lifecycle, from exploration and resource definition through to mine development and operations.

Founded as a Canadian mining company, Aya Gold & Silver has built its portfolio around North African mineral assets and continues to concentrate on expanding its presence in Morocco.