Aya Gold & Silver (NASDAQ:AYA) Trading Down 8% – Should You Sell?

Aya Gold & Silver Inc. (NASDAQ:AYA)’s share price was down 8% during trading on Monday . The company traded as low as $25.47 and last traded at $25.7320. Approximately 232,967 shares traded hands during trading, a decline of 66% from the average session volume of 685,469 shares. The stock had previously closed at $27.97.

Wall Street Analysts Forecast Growth

AYA has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aya Gold & Silver in a report on Monday, August 31st. Zacks Research raised Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Finally, Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, May 20th. Two investment 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 MarketBeat, Aya Gold & Silver currently has a consensus rating of “Buy”.

Aya Gold & Silver Trading Down 0.8%

The company’s 50 day moving average is $24.44. 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 company has a market cap of $3.85 billion and a P/E ratio of 47.68.

Aya Gold & Silver (NASDAQ:AYA) last released its quarterly earnings data 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%. Analysts expect that Aya Gold & Silver Inc. will post 1.06 EPS for the current year.

Institutional Investors Weigh In On Aya Gold & Silver

Hedge funds have recently modified their holdings of the company. Caisse de depot et placement du Quebec bought a new position in Aya Gold & Silver in the second quarter valued at about $2,486,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Aya Gold & Silver during the second quarter worth about $5,145,000. Deutsche Bank AG bought a new stake in shares of Aya Gold & Silver during the second quarter worth about $26,946,000. Groupe la Francaise acquired a new position in shares of Aya Gold & Silver in the second quarter valued at approximately $16,294,000. Finally, Amundi acquired a new position in shares of Aya Gold & Silver in the second quarter valued at approximately $29,474,000.

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.