Aya Gold & Silver (TSE:AYA) Stock Price Down 18.2% - Should You Sell?

Key Points

• Aya Gold & Silver Inc. shares fell 18.2% to C$12.51, marking a significant decline from the previous close of C$15.30, with a notable increase in trading volume.
• Analysts have mixed opinions: while Cormark has raised their target price to C$17.50, CIBC increased theirs to C$23.00, but Citigroup lowered theirs to C$22.00.
• Currently, Aya Gold & Silver trades with an average rating of "Buy" and an average price target of C$20.43, despite recent market challenges.

Shares of Aya Gold & Silver Inc. (TSE:AYA - Get Free Report) were down 18.2% on Thursday . The company traded as low as C$11.95 and last traded at C$12.51. Approximately 8,626,782 shares traded hands during mid-day trading, an increase of 722% from the average daily volume of 1,049,906 shares. The stock had previously closed at C$15.30.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AYA shares. Cormark increased their target price on Aya Gold & Silver from C$12.50 to C$17.50 in a report on Tuesday, September 16th. CIBC raised their price objective on Aya Gold & Silver from C$22.00 to C$23.00 in a research note on Thursday. Citigroup decreased their price objective on Aya Gold & Silver from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Desjardins set a C$20.00 price objective on Aya Gold & Silver and gave the stock a "buy" rating in a research note on Thursday, June 19th. Finally, National Bankshares raised their price objective on Aya Gold & Silver from C$18.75 to C$19.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$20.43.

Aya Gold & Silver Trading Down 17.7%

The stock has a market capitalization of C$1.79 billion, a P/E ratio of -104.92 and a beta of 0.93. The company has a current ratio of 2.06, a quick ratio of 3.28 and a debt-to-equity ratio of 34.69. The company has a 50-day moving average price of C$13.65 and a 200 day moving average price of C$12.33.

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.

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