Aya Gold & Silver (TSE:AYA) Stock Price Down 7.8% - What's Next?

Key Points

• Aya Gold & Silver shares dropped 7.8% to C$14.11, with a notable trading volume increase of 23% from the average.
• Wall Street analysts have mixed views, with target prices ranging from C$17.50 to C$20.00, and a consensus rating of "Buy."
• The company's current financial metrics include a debt-to-equity ratio of 34.69 and a market capitalization of C$1.80 billion.

Aya Gold & Silver Inc. (TSE:AYA - Get Free Report) shares dropped 7.8% on Thursday . The stock traded as low as C$14.01 and last traded at C$14.11. Approximately 1,240,168 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 1,006,007 shares. The stock had previously closed at C$15.30.

Wall Street Analyst Weigh In

AYA has been the topic of several recent analyst reports. Desjardins set a C$20.00 target price on shares of Aya Gold & Silver and gave the company a "buy" rating in a research note on Thursday, June 19th. Cormark increased their target price on shares of Aya Gold & Silver from C$12.50 to C$17.50 in a research report on Tuesday, September 16th. National Bankshares lifted their target price on shares of 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. Scotiabank lowered their target price on shares of Aya Gold & Silver from C$19.00 to C$18.50 and set an "outperform" rating for the company in a research note on Monday, June 23rd. Finally, Citigroup decreased their price objective on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$20.29.

Aya Gold & Silver Stock Down 17.0%

The stock has a 50-day moving average of C$13.65 and a 200 day moving average of C$12.33. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. The company has a market capitalization of C$1.80 billion, a PE ratio of -105.83 and a beta of 0.93.

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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