Aya Gold & Silver (NASDAQ:AYA) Shares Gap Down – Time to Sell?

Aya Gold & Silver Inc. (NASDAQ:AYA)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $26.19, but opened at $25.00. Aya Gold & Silver shares last traded at $25.3340, with a volume of 199,634 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AYA shares. Zacks Research upgraded shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Weiss Ratings upgraded Aya Gold & Silver from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Aya Gold & Silver Stock Down 4.3%

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 firm’s 50-day moving average is $27.49. The firm has a market capitalization of $3.61 billion and a P/E ratio of 44.77.

Aya Gold & Silver (NASDAQ:AYA) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. As a group, analysts forecast that Aya Gold & Silver Inc. will post 1.05 earnings per share for the current year.

Institutional Trading of Aya Gold & Silver

A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp bought a new position in shares of Aya Gold & Silver in the 2nd quarter valued at about $193,481,000. Amundi purchased a new position in Aya Gold & Silver in the second quarter worth about $29,474,000. Deutsche Bank AG bought a new stake in Aya Gold & Silver during the second quarter worth approximately $26,946,000. Groupe la Francaise bought a new stake in Aya Gold & Silver during the second quarter worth approximately $16,294,000. Finally, Bank of America Corp DE bought a new stake in Aya Gold & Silver during the second quarter worth approximately $13,950,000.

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is a Canadian mining company focused on the exploration, development and production of precious and base metals in Morocco. The company is primarily known for its silver operations and holds a portfolio of mining and exploration properties in the country.

Aya’s flagship asset is the Zgounder Silver Mine in the Anti-Atlas Mountains of central Morocco. The company has invested in expanding and modernizing the operation, which produces silver-bearing ore for processing.