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

Aya Gold & Silver Inc. (NASDAQ:AYA)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $26.19, but opened at $25.00. Aya Gold & Silver shares last traded at $25.3340, with a volume of 199,634 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AYA. Weiss Ratings raised shares of Aya Gold & Silver from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research raised shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong 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’s 50 day moving average is $27.51.

Aya Gold & Silver (NASDAQ:AYA) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. As a group, analysts expect that Aya Gold & Silver Inc. will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Aya Gold & Silver

Institutional investors and hedge funds have recently made changes to their positions in the business. TD Waterhouse Canada Inc. bought a new stake in shares of Aya Gold & Silver in the 2nd quarter worth approximately $39,000. BlackRock Inc. bought a new position in Aya Gold & Silver during the 2nd quarter valued at approximately $502,000. Quantbot Technologies LP bought a new position in Aya Gold & Silver during the 2nd quarter valued at approximately $557,000. Alberta Investment Management Corp bought a new position in Aya Gold & Silver during the 2nd quarter valued at approximately $663,000. Finally, Public Employees Retirement System of Ohio bought a new position in Aya Gold & Silver during the 2nd quarter valued at approximately $673,000.

About Aya Gold & Silver

Aya Gold & Silver Inc is a Canadian mining company focused on the exploration, development and production of precious and base metals in Morocco. The company is primarily known for its silver operations and holds a portfolio of mining and exploration properties in the country.

Aya’s flagship asset is the Zgounder Silver Mine in the Anti-Atlas Mountains of central Morocco. The company has invested in expanding and modernizing the operation, which produces silver-bearing ore for processing.