Aya Gold & Silver (NASDAQ:AYA) Trading Up 9.5% - Should You Buy?

Key Points

• Aya Gold & Silver shares jumped 9.5% to about $27.35 in Wednesday trading, although volume was 74% below the average daily level.
• Analyst sentiment is broadly positive, with two Strong Buy ratings, one Buy, and one Hold, producing an overall MarketBeat rating of “Buy.”
• The company reported quarterly EPS of $0.23, missing the $0.36 consensus estimate, while maintaining solid financial metrics including a 32.92% net margin and low debt-to-equity ratio of 0.11.

Aya Gold & Silver Inc. (NASDAQ:AYA - Get Free Report)'s share price was up 9.5% during trading on Wednesday . The stock traded as high as $27.27 and last traded at $27.3530. Approximately 147,827 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 576,191 shares. The stock had previously closed at $24.99.

Analyst Ratings Changes

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

Aya Gold & Silver Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.02 and a quick ratio of 1.70. The company has a market cap of $3.92 billion and a price-to-earnings ratio of 48.73. The company's 50-day simple moving average is $20.88.

Aya Gold & Silver (NASDAQ:AYA - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. On average, research analysts predict that Aya Gold & Silver Inc. will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aya Gold & Silver

A number of hedge funds have recently made changes to their positions in AYA. BlackRock Inc. purchased a new position in Aya Gold & Silver in the 2nd quarter worth approximately $502,000. Quantbot Technologies LP acquired a new stake in Aya Gold & Silver in the second quarter valued at $557,000. Alberta Investment Management Corp bought a new position in Aya Gold & Silver during the 2nd quarter valued at $663,000. Public Employees Retirement System of Ohio bought a new position in Aya Gold & Silver during the 2nd quarter valued at $673,000. Finally, Cibc World Market Inc. acquired a new position in Aya Gold & Silver during the 2nd quarter worth $1,509,000.

About Aya Gold & Silver

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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