Cibc World Market Inc. Purchases Shares of 79,762 Aya Gold & Silver Inc. $AYA

Key Points

• CIBC World Markets purchased 79,762 shares of Aya Gold & Silver during the second quarter, valued at approximately $1.51 million and representing about 0.06% of the company. Several other institutional investors also initiated positions.
• Analyst sentiment is generally positive: Aya received upgrades from Zacks Research, Scotiabank, and Desjardins, while Weiss Ratings downgraded it to Hold. MarketBeat reports an overall average rating of Buy.
• AYA shares were trading near their 12-month high at $29.29, up 5.5%, but the company’s latest quarterly EPS of $0.23 missed the $0.36 consensus estimate. Aya reported a 32.92% net margin and analysts expect full-year EPS of $1.11.

Cibc World Market Inc. purchased a new position in shares of Aya Gold & Silver Inc. (NASDAQ:AYA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 79,762 shares of the company's stock, valued at approximately $1,509,000. Cibc World Market Inc. owned about 0.06% of Aya Gold & Silver as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AYA. Edmond DE Rothschild Holding S.A. purchased a new stake in Aya Gold & Silver during the 2nd quarter worth approximately $5,145,000. Deutsche Bank AG acquired a new position in shares of Aya Gold & Silver in the 2nd quarter valued at $26,946,000. Alberta Investment Management Corp purchased a new position in Aya Gold & Silver in the 2nd quarter worth $663,000. BlackRock Inc. acquired a new stake in Aya Gold & Silver during the 2nd quarter worth about $502,000. Finally, Quantbot Technologies LP acquired a new stake in Aya Gold & Silver during the 2nd quarter worth about $557,000.

Wall Street Analysts Forecast Growth

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

Aya Gold & Silver Trading Up 5.5%

Shares of AYA stock opened at $29.29 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.02 and a debt-to-equity ratio of 0.11. Aya Gold & Silver Inc. has a 12-month low of $15.84 and a 12-month high of $30.24. The business's 50 day simple moving average is $22.05. The stock has a market capitalization of $4.22 billion and a P/E ratio of 52.30.

Aya Gold & Silver (NASDAQ:AYA - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that Aya Gold & Silver Inc. will post 1.11 earnings per share for the current fiscal year.

About Aya Gold & Silver

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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