Aya Gold & Silver (NASDAQ:AYA) Shares Down 6.2% – What’s Next?

Aya Gold & Silver Inc. (NASDAQ:AYA)’s stock price was down 6.2% during mid-day trading on Wednesday. The company traded as low as $28.24 and last traded at $28.4890. 142,987 shares traded hands during trading, a decline of 81% from the average daily volume of 768,069 shares. The stock had previously closed at $30.38.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AYA shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Aya Gold & Silver in a research note on Monday, August 31st. Zacks Research upgraded Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Aya Gold & Silver Trading Down 0.9%

The business’s fifty day simple moving average is $25.68. 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 stock has a market cap of $4.03 billion and a P/E ratio of 49.89.

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 net margin of 32.92% and a return on equity of 25.49%. On average, analysts expect that Aya Gold & Silver Inc. will post 1.06 EPS for the current fiscal year.

Institutional Trading of Aya Gold & Silver

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

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.