Aya Gold & Silver (NASDAQ:AYA) Trading Down 8% - Here's What Happened

Key Points

• Aya Gold & Silver shares fell 8% to about $25.73, with trading volume roughly 66% below the average session volume.
• Analyst sentiment remains generally positive: Scotiabank and Zacks Research upgraded the stock to “strong buy,” while the overall consensus rating is “Buy.”
• The company reported quarterly EPS of $0.23, missing the $0.36 consensus estimate, although institutional investors including Amundi and Groupe La Française recently established significant positions.

Shares of Aya Gold & Silver Inc. (NASDAQ:AYA - Get Free Report) dropped 8% during trading on Monday . The company traded as low as $25.47 and last traded at $25.7320. 232,967 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 685,469 shares. The stock had previously closed at $27.97.

Analysts Set New Price Targets

AYA has been the topic of a number of research reports. Scotiabank raised shares of Aya Gold & Silver to a "strong-buy" rating in a research report on Wednesday, May 20th. Zacks Research upgraded Aya Gold & Silver from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Aya Gold & Silver in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Aya Gold & Silver Stock Performance

The stock has a market cap of $3.84 billion and a P/E ratio of 47.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.70 and a current ratio of 2.02. The business has a 50 day simple moving average of $24.14.

Aya Gold & Silver (NASDAQ:AYA - Get Free Report) last issued its quarterly 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%. Equities research analysts forecast that Aya Gold & Silver Inc. will post 1.06 EPS for the current year.

Institutional Investors Weigh In On Aya Gold & Silver

A number of large investors have recently bought and sold shares of AYA. Amundi acquired a new position in Aya Gold & Silver in the 2nd quarter worth approximately $29,474,000. Groupe la Francaise acquired a new stake in Aya Gold & Silver during the 2nd quarter valued at approximately $16,294,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Aya Gold & Silver in the 2nd quarter valued at $39,000. Addenda Capital Inc. purchased a new stake in shares of Aya Gold & Silver in the 2nd quarter valued at $1,097,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Aya Gold & Silver in the 2nd quarter valued at $729,000.

About Aya Gold & Silver

Aya Gold & Silver Inc is a Canadian mining and mineral exploration company focused on the acquisition, development, and operation of precious- and base-metal properties in Morocco. The company's primary product is silver, with additional exploration potential for gold, copper, lead, and zinc.

Aya's flagship asset is the Zgounder Silver Mine, a high-grade underground operation in central Morocco. The company has expanded the mine and processing facilities to increase production capacity, while continuing exploration to extend mineral resources and mine life.

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