Aya Gold & Silver (TSE:AYA) Shares Up 9.8% – Should You Buy?

Aya Gold & Silver Inc. (TSE:AYA) traded up 9.8% during mid-day trading on Tuesday . The stock traded as high as C$11.12 and last traded at C$11.12. 195,215 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 737,217 shares. The stock had previously closed at C$10.13.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AYA. Stifel Nicolaus dropped their price target on shares of Aya Gold & Silver from C$23.00 to C$22.25 in a research note on Monday, November 25th. CIBC set a C$24.00 price objective on Aya Gold & Silver and gave the stock an “outperform” rating in a report on Friday, November 22nd. Desjardins decreased their price target on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Cibc World Mkts upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, Cormark cut their price target on shares of Aya Gold & Silver from C$14.00 to C$13.00 in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$20.94.

Aya Gold & Silver Stock Performance

The company has a 50-day moving average price of C$11.66 and a two-hundred day moving average price of C$13.98. The stock has a market capitalization of C$1.08 billion, a P/E ratio of 137.52 and a beta of 1.40. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69.

Insider Activity at Aya Gold & Silver

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

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.