Aya Gold & Silver (TSE:AYA) Price Target Cut to C$22.00 by Analysts at CIBC

Aya Gold & Silver (TSE:AYA) had its target price reduced by CIBC from C$23.00 to C$22.00 in a report released on Monday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Desjardins reduced their price target 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 report on Thursday, February 13th. Stifel Nicolaus set a C$22.50 target price on Aya Gold & Silver and gave the stock a “buy” rating in a report on Wednesday, March 19th. Stifel Canada upgraded Aya Gold & Silver to a “strong-buy” rating in a research note on Wednesday, March 19th. Cormark reduced their price target on Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday, January 30th. Finally, National Bankshares lowered their price objective on Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$20.72.

Aya Gold & Silver Stock Performance

Shares of AYA stock opened at C$11.12 on Monday. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 131.37 and a beta of 1.40. The stock has a fifty day moving average of C$11.95 and a 200 day moving average of C$13.75. Aya Gold & Silver has a 52 week low of C$10.12 and a 52 week high of C$19.56. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69.

Insiders Place Their Bets

In other Aya Gold & Silver news, Senior Officer Alex Ball sold 20,000 shares of Aya Gold & Silver stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$12.08, for a total value of C$241,600.00. Also, Director Benoit La Salle sold 64,244 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total transaction of C$724,145.52. Over the last three months, insiders have sold 152,835 shares of company stock valued at $1,761,507. 10.18% of the stock is currently owned by corporate insiders.

About Aya Gold & Silver

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.