Aya Gold & Silver (NASDAQ:AYA) Shares Up 2.7% - Here's What Happened

Key Points

• Aya Gold & Silver shares rose 2.7% in mid-day trading to $27.92, with trading volume about 14% above its average.
• Analyst sentiment remains positive overall: Scotiabank and Zacks Research upgraded the stock to “strong buy,” while Desjardins moved it to “moderate buy.” MarketBeat reports a consensus rating of “Buy,” despite one recent downgrade to “Hold.”
• Institutional interest increased, including new positions from Deutsche Bank, Alberta Investment Management, and BlackRock. The company has a $4.02 billion market capitalization and focuses on silver and gold mining operations in Morocco.

Aya Gold & Silver Inc. (NASDAQ:AYA - Get Free Report)'s stock price rose 2.7% during mid-day trading on Monday . The stock traded as high as $28.16 and last traded at $27.92. Approximately 751,666 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 658,254 shares. The stock had previously closed at $27.19.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AYA shares. Scotiabank raised Aya Gold & Silver to a "strong-buy" rating in a research report on Wednesday, May 20th. Weiss Ratings cut Aya Gold & Silver from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, June 3rd. Desjardins upgraded Aya Gold & Silver to a "moderate buy" rating in a research note on Friday, May 15th. Finally, Zacks Research raised Aya Gold & Silver from a "hold" rating to a "strong-buy" rating in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

Aya Gold & Silver Stock Performance

The stock's fifty day moving average price is $19.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.22 and a quick ratio of 1.92. The company has a market capitalization of $4.02 billion and a PE ratio of 84.61.

Institutional Trading of Aya Gold & Silver

Hedge funds have recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new stake in shares of Aya Gold & Silver during the second quarter worth $663,000. Deutsche Bank AG bought a new position in Aya Gold & Silver during the second quarter worth about $26,946,000. Finally, BlackRock Inc. bought a new position in Aya Gold & Silver during the second quarter worth about $502,000.

Aya Gold & Silver Company Profile

Aya Gold & Silver is a precious metals company focused on the exploration, development, and production of silver and gold. The company is best known for its operations in Morocco, where it is advancing and operating assets within the country's mining sector.

The company's business activities center on identifying, developing, and optimizing mineral resources, with an emphasis on silver production and related byproducts. Aya Gold & Silver is involved in the full mining lifecycle, from exploration and resource definition through to mine development and operations.

Founded as a Canadian mining company, Aya Gold & Silver has built its portfolio around North African mineral assets and continues to concentrate on expanding its presence in Morocco.

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