Scotiabank Cuts Aya Gold & Silver (TSE:AYA) Price Target to C$18.50

Aya Gold & Silver (TSE:AYA) had its target price lowered by Scotiabank from C$19.00 to C$18.50 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on AYA. CIBC cut their price target on Aya Gold & Silver from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. National Bankshares cut their price target on Aya Gold & Silver from C$20.75 to C$19.75 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus raised their price target on Aya Gold & Silver from C$22.50 to C$23.00 in a report on Monday, April 21st. Desjardins set a C$20.00 price target on Aya Gold & Silver and gave the stock a “buy” rating in a report on Thursday, June 19th. Finally, Stifel Canada raised Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$20.56.

Aya Gold & Silver Trading Down 3.6%

TSE:AYA opened at C$12.10 on Monday. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. The business’s 50 day moving average is C$11.51 and its two-hundred day moving average is C$11.58. Aya Gold & Silver has a 52 week low of C$8.52 and a 52 week high of C$19.56. The company has a market cap of C$1.12 billion, a PE ratio of 142.95 and a beta of 1.40.

Insider Activity at Aya Gold & Silver

In other news, Director John Feliks Burzynski purchased 5,000 shares of the stock in a transaction dated Thursday, June 19th. The shares were bought at an average cost of C$12.98 per share, for a total transaction of C$64,900.00. Insiders have acquired a total of 20,000 shares of company stock worth $250,500 in the last three months. 10.18% of the stock is owned by company insiders.

Aya Gold & Silver Company Profile

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.