Aya Gold & Silver (TSE:AYA) Shares Down 3.9% - Here's Why

Key Points

• Aya Gold & Silver's share price dropped 3.9% to C$11.91, with trading volume significantly increasing to 1,634,609 shares.
• Recent analyst reports have shown mixed price target adjustments, with Citigroup lowering its target to C$22.00 while Stifel Nicolaus raised theirs to C$23.00, reflecting a generally positive outlook with an average "Buy" rating.
• Insider activity includes Director John Feliks Burzynski purchasing 5,000 shares at C$12.98 per share, indicating ongoing confidence from corporate insiders.

Aya Gold & Silver Inc. (TSE:AYA - Get Free Report)'s stock price was down 3.9% during trading on Thursday . The company traded as low as C$11.86 and last traded at C$11.91. Approximately 1,634,609 shares were traded during trading, an increase of 70% from the average daily volume of 964,089 shares. The stock had previously closed at C$12.39.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AYA shares. Stifel Nicolaus raised their price objective on shares of Aya Gold & Silver from C$22.50 to C$23.00 in a report on Monday, April 21st. Desjardins set a C$20.00 price objective on shares of Aya Gold & Silver and gave the stock a "buy" rating in a report on Thursday, June 19th. National Bankshares raised their price objective on shares of Aya Gold & Silver from C$18.75 to C$19.00 and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Citigroup reduced 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 report on Tuesday, June 24th. Finally, Scotiabank reduced their price objective on shares of Aya Gold & Silver from C$19.00 to C$18.50 and set an "outperform" rating for the company in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Aya Gold & Silver has an average rating of "Buy" and a consensus price target of C$19.64.

Aya Gold & Silver Stock Down 6.6%

The firm has a market cap of C$1.07 billion, a price-to-earnings ratio of 136.57 and a beta of 1.40. 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 business's 50-day moving average is C$12.76 and its 200-day moving average is C$11.87.

Insiders Place Their Bets

In related news, Director John Feliks Burzynski acquired 5,000 shares of the stock in a transaction on Thursday, June 19th. The stock was purchased at an average price of C$12.98 per share, for a total transaction of C$64,900.00. In the last ninety days, insiders have bought 20,000 shares of company stock valued at $250,500. Company insiders own 10.18% of the company's stock.

Aya Gold & Silver Company Profile

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.