Aya Gold & Silver (TSE:AYA) Shares Down 5% – Here’s What Happened

Aya Gold & Silver Inc. (TSE:AYA) fell 5% during mid-day trading on Thursday . The stock traded as low as C$12.03 and last traded at C$12.06. 119,570 shares traded hands during trading, a decline of 83% from the average session volume of 709,713 shares. The stock had previously closed at C$12.70.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AYA. National Bankshares cut their target price on shares of Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Desjardins cut their target price on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Cibc World Mkts raised shares of Aya Gold & Silver to a “strong-buy” rating in a research note on Friday, November 22nd. CIBC set a C$24.00 target price on shares of Aya Gold & Silver and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Cormark cut their target price on shares of Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Aya Gold & Silver currently has an average rating of “Buy” and a consensus target price of C$20.94.

Aya Gold & Silver Price Performance

The stock has a market capitalization of C$1.06 billion, a P/E ratio of 135.63 and a beta of 1.40. The business’s 50 day simple moving average is C$11.61 and its two-hundred day simple moving average is C$14.14. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69.

Insider Activity

In other news, Senior Officer Ugo Landry-Tolszczuk sold 38,591 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$11.29, for a total value of C$435,761.85. Also, Director Benoit La Salle sold 64,244 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total transaction of C$724,145.52. Insiders sold a total of 152,835 shares of company stock worth $1,761,507 over the last quarter. Insiders own 10.18% of the company’s stock.

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.