Aya Gold & Silver (NASDAQ:AYA) Trading Down 6.2% – What’s Next?

Shares of Aya Gold & Silver Inc. (NASDAQ:AYA) fell 6.2% on Wednesday . The company traded as low as $28.24 and last traded at $28.4890. Approximately 142,987 shares changed hands during trading, a decline of 81% from the average session volume of 768,069 shares. The stock had previously closed at $30.38.

Analysts Set New Price Targets

Several analysts have commented on AYA shares. Zacks Research raised 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 note on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Aya Gold & Silver Stock Performance

The company has a market cap of $4.06 billion and a P/E ratio of 50.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.02 and a quick ratio of 1.70. The stock has a 50 day moving average of $25.33.

Aya Gold & Silver (NASDAQ:AYA) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. Sell-side analysts predict that Aya Gold & Silver Inc. will post 1.06 EPS for the current year.

Institutional Trading of Aya Gold & Silver

Several large investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. acquired a new stake in Aya Gold & Silver during the 2nd quarter worth about $39,000. BlackRock Inc. acquired a new position in shares of Aya Gold & Silver in the 2nd quarter valued at about $502,000. Quantbot Technologies LP purchased a new stake in shares of Aya Gold & Silver in the second quarter worth about $557,000. Alberta Investment Management Corp acquired a new stake in Aya Gold & Silver during the second quarter worth about $663,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Aya Gold & Silver during the second quarter worth about $673,000.

About Aya Gold & Silver

Aya Gold & Silver Inc is a Canadian mining and mineral exploration company focused on the acquisition, development, and operation of precious- and base-metal properties in Morocco. The company’s primary product is silver, with additional exploration potential for gold, copper, lead, and zinc.

Aya’s flagship asset is the Zgounder Silver Mine, a high-grade underground operation in central Morocco. The company has expanded the mine and processing facilities to increase production capacity, while continuing exploration to extend mineral resources and mine life.