Aya Gold & Silver (NASDAQ:AYA) Stock Price Up 9.5% – Time to Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA) shares were up 9.5% on Wednesday . The stock traded as high as $27.27 and last traded at $27.3530. Approximately 147,827 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 576,191 shares. The stock had previously closed at $24.99.

Analyst Ratings Changes

AYA has been the topic of several analyst reports. Desjardins upgraded Aya Gold & Silver to a “moderate buy” rating in a report on Friday, May 15th. Zacks Research upgraded Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings lowered Aya Gold & Silver from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Aya Gold & Silver Stock Down 1.2%

The stock’s fifty day moving average is $21.30. The company has a market cap of $3.88 billion and a PE ratio of 48.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.02 and a quick ratio of 1.70.

Aya Gold & Silver (NASDAQ:AYA) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share 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%. As a group, sell-side analysts anticipate that Aya Gold & Silver Inc. will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Addenda Capital Inc. acquired a new position in Aya Gold & Silver in the second quarter valued at $1,097,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aya Gold & Silver during the second quarter worth about $729,000. Van ECK Associates Corp acquired a new stake in Aya Gold & Silver during the second quarter worth about $193,481,000. Boussard & Gavaudan Gestion Sas purchased a new position in shares of Aya Gold & Silver in the 2nd quarter worth about $2,191,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Aya Gold & Silver in the 2nd quarter worth about $673,000.

Aya Gold & Silver Company Profile

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.