Aya Gold & Silver (TSE:AYA) Trading Down 7.5% After Analyst Downgrade

Key Points

• Shares fell 7.5% after BMO lowered its price target from C$33.00 to C$29.00; the stock traded as low as C$21.36 and last at C$22.37 on roughly 1.08M shares, about 25% below average volume.
• Analyst consensus remains "Buy" with an average target of C$24.94—one analyst rates it Strong Buy and six rate it Buy, amid mixed target revisions from other firms.
• Key fundamentals: market cap of C$3.17 billion, a negative PE (-744) indicating current losses, debt-to-equity of 34.69, and strong liquidity (current ratio 2.06, quick ratio 3.28).

Aya Gold & Silver Inc. (TSE:AYA - Get Free Report)'s stock price was down 7.5% during trading on Thursday after BMO Capital Markets lowered their price target on the stock from C$33.00 to C$29.00. The stock traded as low as C$21.36 and last traded at C$22.37. Approximately 1,081,415 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 1,442,454 shares. The stock had previously closed at C$24.18.

Other research analysts have also issued reports about the stock. Desjardins upped their target price on shares of Aya Gold & Silver from C$30.00 to C$32.00 and gave the stock a "buy" rating in a research report on Thursday, December 18th. CIBC upped their price objective on Aya Gold & Silver from C$27.00 to C$30.00 in a report on Tuesday. Stifel Nicolaus decreased their price objective on Aya Gold & Silver from C$33.00 to C$31.50 and set a "buy" rating on the stock in a report on Friday, December 19th. Finally, Cormark boosted their target price on Aya Gold & Silver from C$12.50 to C$17.50 in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$24.94.

Aya Gold & Silver Stock Performance

The company has a debt-to-equity ratio of 34.69, a current ratio of 2.06 and a quick ratio of 3.28. The stock has a market cap of C$3.17 billion, a PE ratio of -744.00 and a beta of 1.66. The business has a 50 day moving average price of C$18.40 and a two-hundred day moving average price of C$15.66.

About Aya Gold & Silver

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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