Aya Gold & Silver (NASDAQ:AYA) Shares Gap Down – Time to Sell?

Shares of Aya Gold & Silver Inc. (NASDAQ:AYA) gapped down prior to trading on Monday. The stock had previously closed at $28.47, but opened at $26.80. Aya Gold & Silver shares last traded at $27.28, with a volume of 229,138 shares.

Analyst Ratings Changes

AYA has been the topic of a number of research analyst reports. Zacks Research raised shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aya Gold & Silver in a report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Aya Gold & Silver Stock 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 stock has a market cap of $3.86 billion and a PE ratio of 47.92. The firm’s 50-day moving average price is $25.88.

Aya Gold & Silver (NASDAQ:AYA) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share 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, equities analysts anticipate that Aya Gold & Silver Inc. will post 1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is a Canadian mining and mineral exploration company focused on the acquisition, development, and operation of precious- and base-metal properties in Morocco. The company’s primary product is silver, with additional exploration potential for gold, copper, lead, and zinc.

Aya’s flagship asset is the Zgounder Silver Mine, a high-grade underground operation in central Morocco. The company has expanded the mine and processing facilities to increase production capacity, while continuing exploration to extend mineral resources and mine life.