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

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Shares of Aya Gold & Silver Inc. (TSE:AYA - Get Free Report) 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 were traded during trading, an increase of 40% from the average daily volume of 817,639 shares. The stock had previously closed at C$11.05.

AYA has been the subject of a number of other research reports. Cormark lowered their target price on Aya Gold & Silver from C$14.00 to C$13.00 in a report on Thursday, January 30th. Stifel Canada raised Aya Gold & Silver to a "strong-buy" rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$22.50 target price on shares of Aya Gold & Silver and gave the stock a "buy" rating in a research report on Wednesday, March 19th. 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. Finally, CIBC dropped their price target on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$20.59.

View Our Latest Analysis on AYA

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Insider Transactions at Aya Gold & Silver

In other Aya Gold & Silver news, Senior Officer Alex Ball sold 30,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of C$12.00, for a total transaction of C$360,000.00. 10.18% of the stock is currently owned by corporate insiders.

Aya Gold & Silver Stock Up 2.0 %

The stock has a market cap of C$835.94 million, a price-to-earnings ratio of 106.80 and a beta of 1.40. The stock has a 50 day simple moving average of C$11.80 and a 200 day simple moving average of C$13.54. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69.

Aya Gold & Silver Company Profile

(Get Free Report)

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.

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