Aya Gold & Silver (TSE:AYA) Trading Down 5% – Here’s What Happened

Shares of Aya Gold & Silver Inc. (TSE:AYA) fell 5% during mid-day trading on Thursday . The company traded as low as C$12.03 and last traded at C$12.06. 119,570 shares traded hands during trading, a decline of 83% from the average session volume of 709,713 shares. The stock had previously closed at C$12.70.

Analysts Set New Price Targets

AYA has been the topic of a number of recent analyst reports. Cormark reduced their target price on Aya Gold & Silver from C$14.00 to C$13.00 in a report on Thursday, January 30th. Desjardins decreased their price target on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. CIBC set a C$24.00 price objective on shares of Aya Gold & Silver and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Cibc World Mkts upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, National Bankshares lowered their price objective on shares of Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$20.94.

Aya Gold & Silver Stock Down 6.3 %

The stock has a market cap of C$1.10 billion, a PE ratio of 140.59 and a beta of 1.40. The business has a 50 day moving average price of C$11.58 and a 200 day moving average price of C$14.18. 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

In other Aya Gold & Silver news, Director Benoit La Salle sold 64,244 shares of the firm’s stock in a transaction dated 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 Ugo Landry-Tolszczuk sold 38,591 shares of Aya Gold & Silver stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$11.29, for a total value of C$435,761.85. Over the last quarter, insiders sold 152,835 shares of company stock valued at $1,761,507. 10.18% of the stock is currently owned by company 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.