Aya Gold & Silver (TSE:AYA) Shares Down 6% on Analyst Downgrade

Aya Gold & Silver Inc. (TSE:AYA) shares dropped 6% on Thursday after National Bankshares lowered their price target on the stock from C$20.75 to C$19.75. National Bankshares currently has an outperform rating on the stock. Aya Gold & Silver traded as low as C$10.29 and last traded at C$10.39. Approximately 1,148,179 shares changed hands during trading, an increase of 40% from the average daily volume of 817,639 shares. The stock had previously closed at C$11.05.

Several other equities analysts have also weighed in on AYA. Stifel Canada upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, March 19th. Cormark reduced their price objective on Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday, January 30th. CIBC lowered their target price on Aya Gold & Silver from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Monday. Desjardins cut their target price on Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Stifel Nicolaus set a C$22.50 price target on shares of Aya Gold & Silver and gave the company a “buy” rating in a research note on Wednesday, March 19th. One equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$20.59.

Insider Buying and Selling at Aya Gold & Silver

In other Aya Gold & Silver news, Senior Officer Alex Ball sold 20,000 shares of the company’s 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. Company insiders own 10.18% of the company’s stock.

Aya Gold & Silver Stock Down 6.0 %

The stock has a fifty day moving average of C$11.92 and a 200 day moving average of C$13.69. The company has a debt-to-equity ratio of 34.69, a current ratio of 2.06 and a quick ratio of 3.28. The firm has a market capitalization of C$960.78 million, a P/E ratio of 122.75 and a beta of 1.40.

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.