Aya Gold & Silver (TSE:AYA) Stock Price Down 5.1% – Here’s Why

Aya Gold & Silver Inc. (TSE:AYA) shares were down 5.1% during mid-day trading on Friday . The stock traded as low as C$12.02 and last traded at C$12.16. Approximately 303,706 shares changed hands during trading, a decline of 60% from the average daily volume of 754,070 shares. The stock had previously closed at C$12.82.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stifel Nicolaus set a C$22.50 price target on Aya Gold & Silver and gave the stock a “buy” rating in a report on Wednesday, March 19th. Desjardins dropped their target price 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. National Bankshares reduced their price target on shares of Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Stifel Canada raised shares of Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Cormark cut their price objective on Aya Gold & Silver from C$14.00 to C$13.00 in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$20.97.

Aya Gold & Silver Trading Down 12.2 %

The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06. The stock’s fifty day moving average is C$12.00 and its 200 day moving average is C$13.79. The stock has a market cap of C$1.04 billion, a P/E ratio of 132.91 and a beta of 1.40.

Insider Activity

In other Aya Gold & Silver news, Senior Officer Alex Ball sold 30,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of C$12.00, for a total value of C$360,000.00. Also, Director Benoit La Salle sold 64,244 shares of Aya Gold & Silver stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total transaction of C$724,145.52. Insiders sold 152,835 shares of company stock valued at $1,761,507 in the last ninety days. Insiders own 10.18% of the company’s stock.

About Aya Gold & Silver

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.