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

Aya Gold & Silver Inc. (NASDAQ:AYA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $27.92, but opened at $26.55. Aya Gold & Silver shares last traded at $27.3790, with a volume of 202,593 shares changing hands.

Analysts Set New Price Targets

AYA has been the subject of a number of analyst reports. Zacks Research raised Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Desjardins raised Aya Gold & Silver to a “moderate buy” rating in a report on Friday, May 15th. Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings downgraded Aya Gold & Silver from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Aya Gold & Silver Price Performance

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 company has a market cap of $3.93 billion and a P/E ratio of 48.70. The business has a 50-day moving average price of $22.37.

Aya Gold & Silver (NASDAQ:AYA) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Aya Gold & Silver

Hedge funds and other institutional investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in Aya Gold & Silver during the second quarter worth $39,000. BlackRock Inc. purchased a new position in shares of Aya Gold & Silver in the second quarter valued at $502,000. Quantbot Technologies LP purchased a new position in shares of Aya Gold & Silver in the second quarter valued at $557,000. Alberta Investment Management Corp acquired a new position in shares of Aya Gold & Silver during the 2nd quarter worth $663,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Aya Gold & Silver during the 2nd quarter worth $673,000.

About Aya Gold & Silver

Aya Gold & Silver is a precious metals company focused on the exploration, development, and production of silver and gold. The company is best known for its operations in Morocco, where it is advancing and operating assets within the country’s mining sector.

The company’s business activities center on identifying, developing, and optimizing mineral resources, with an emphasis on silver production and related byproducts. Aya Gold & Silver is involved in the full mining lifecycle, from exploration and resource definition through to mine development and operations.

Founded as a Canadian mining company, Aya Gold & Silver has built its portfolio around North African mineral assets and continues to concentrate on expanding its presence in Morocco.