National Bankshares Issues Pessimistic Forecast for Aya Gold & Silver (TSE:AYA) Stock Price

Aya Gold & Silver (TSE:AYA) had its target price cut by National Bankshares from C$20.75 to C$19.75 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. CIBC lowered their target price 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. Desjardins lowered their price objective on Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Stifel Canada upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, March 19th. Cormark lowered their price target on Aya Gold & Silver from C$14.00 to C$13.00 in a report on Thursday, January 30th. Finally, Stifel Nicolaus set a C$22.50 price objective on shares of Aya Gold & Silver and gave the company a “buy” rating in a research note on Wednesday, March 19th. One equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$20.59.

Aya Gold & Silver Stock Performance

Shares of TSE AYA opened at C$8.86 on Wednesday. The company has a 50-day simple moving average of C$11.84 and a 200-day simple moving average of C$13.61. 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 company has a market cap of C$819.30 million, a PE ratio of 104.67 and a beta of 1.40. Aya Gold & Silver has a 12 month low of C$8.53 and a 12 month high of C$19.56.

Insider Activity

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

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.