Addenda Capital Inc. Makes New Investment in Aya Gold & Silver Inc. $AYA

Key Points

• Addenda Capital acquired 40,839 shares of Aya Gold & Silver in the second quarter, valued at approximately $1.1 million. Several other institutional investors, including VanECK, Deutsche Bank and Bank of America, also opened new positions.
• Aya Gold & Silver’s stock opened at $27.97, near its 52-week high of $30.24, with a market capitalization of about $4.03 billion. The company recently reported quarterly EPS of $0.23, below analysts’ $0.36 consensus estimate.
• Analyst sentiment remains generally positive, with a consensus “Buy” rating based on two Strong Buy, one Buy and one Hold rating, despite one downgrade by Weiss Ratings.

Addenda Capital Inc. acquired a new position in shares of Aya Gold & Silver Inc. (NASDAQ:AYA - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 40,839 shares of the company's stock, valued at approximately $1,097,000.

A number of other institutional investors have also recently made changes to their positions in AYA. Van ECK Associates Corp purchased a new stake in Aya Gold & Silver in the 2nd quarter worth about $193,481,000. Deutsche Bank AG bought a new position in Aya Gold & Silver during the 2nd quarter worth about $26,946,000. Bank of America Corp DE bought a new position in Aya Gold & Silver during the 2nd quarter worth about $13,950,000. Edmond DE Rothschild Holding S.A. purchased a new position in Aya Gold & Silver during the 2nd quarter valued at about $5,145,000. Finally, Man Group plc purchased a new stake in Aya Gold & Silver during the second quarter worth $3,033,000.

Aya Gold & Silver Price Performance

AYA stock opened at $27.97 on Monday. Aya Gold & Silver Inc. has a 1 year low of $15.84 and a 1 year high of $30.24. The company has a quick ratio of 1.70, a current ratio of 2.02 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.03 billion and a price-to-earnings ratio of 49.95. The firm has a 50 day moving average of $22.21.

Aya Gold & Silver (NASDAQ:AYA - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. On average, equities research analysts expect that Aya Gold & Silver Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

AYA has been the subject of a number of analyst reports. Scotiabank raised shares of Aya Gold & Silver to a "strong-buy" rating in a research report on Wednesday, May 20th. Desjardins raised Aya Gold & Silver to a "moderate buy" rating in a report on Friday, May 15th. Zacks Research upgraded Aya Gold & Silver from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 13th. Finally, Weiss Ratings cut Aya Gold & Silver from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Aya Gold & Silver Profile

Aya Gold & Silver is a precious metals company focused on the exploration, development, and production of silver and gold. The company is best known for its operations in Morocco, where it is advancing and operating assets within the country's mining sector.

The company's business activities center on identifying, developing, and optimizing mineral resources, with an emphasis on silver production and related byproducts. Aya Gold & Silver is involved in the full mining lifecycle, from exploration and resource definition through to mine development and operations.

Founded as a Canadian mining company, Aya Gold & Silver has built its portfolio around North African mineral assets and continues to concentrate on expanding its presence in Morocco.

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