Aya Gold & Silver (NASDAQ:AYA) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Aya Gold & Silver Inc. (NASDAQ:AYA)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $26.71 and traded as high as $27.04. Aya Gold & Silver shares last traded at $26.77, with a volume of 658,780 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Aya Gold & Silver from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Zacks Research upgraded Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Aya Gold & Silver Stock Up 5.5%

The stock has a market cap of $3.86 billion and a PE ratio of 47.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.70 and a current ratio of 2.02. The company’s 50 day simple moving average is $26.71.

Aya Gold & Silver (NASDAQ:AYA) last released its quarterly earnings data 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%. Equities analysts forecast that Aya Gold & Silver Inc. will post 1.06 earnings per share for the current year.

Institutional Inflows and Outflows

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

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is a Canadian mining company focused on silver production and mineral exploration in Morocco. Its principal operating asset is the Zgounder Silver Mine in the Anti-Atlas region, where the company mines and processes silver-bearing ore.

Aya is also advancing the Boumadine project in eastern Morocco, an exploration-stage gold and polymetallic deposit. Its work there is focused on assessing the project’s mineral potential.

The company was formerly known as Maya Gold & Silver and adopted the Aya Gold & Silver name in 2020.