Aya Gold & Silver (TSE:AYA) Price Target Lowered to C$22.00 at Citigroup

Aya Gold & Silver (TSE:AYA - Get Free Report) had its target price lowered by Citigroup from C$23.00 to C$22.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 81.82% from the company's current price.

Several other equities analysts have also recently issued reports on the company. National Bankshares raised their price target on Aya Gold & Silver from C$18.75 to C$19.00 and gave the company an "outperform" rating in a report on Tuesday. Desjardins set a C$20.00 price target on Aya Gold & Silver and gave the company a "buy" rating in a report on Thursday, June 19th. Scotiabank decreased their price target on Aya Gold & Silver from C$19.00 to C$18.50 and set an "outperform" rating on the stock in a report on Monday. Stifel Nicolaus raised their price target on Aya Gold & Silver from C$22.50 to C$23.00 in a report on Monday, April 21st. Finally, Stifel Canada upgraded Aya Gold & Silver to a "strong-buy" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$20.56.

Aya Gold & Silver Price Performance

Shares of AYA stock traded down C$0.45 during trading hours on Tuesday, hitting C$12.10. 1,092,277 shares of the company's stock were exchanged, compared to its average volume of 974,780. The stock's 50-day moving average is C$11.51 and its 200-day moving average is C$11.58. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of 142.95 and a beta of 1.40. Aya Gold & Silver has a 52 week low of C$8.52 and a 52 week high of C$19.56. The company has a debt-to-equity ratio of 34.69, a current ratio of 2.06 and a quick ratio of 3.28.

Insiders Place Their Bets

In related news, Director John Feliks Burzynski bought 5,000 shares of Aya Gold & Silver stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of C$11.42 per share, for a total transaction of C$57,100.00. Over the last quarter, insiders have purchased 20,000 shares of company stock worth $250,500. 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.