Aya Gold & Silver (NASDAQ:AYA) Trading Up 8% - Still a Buy?

Key Points

• Aya Gold & Silver shares rose 8% to about $29.99, reaching an intraday high of $30.24, while trading volume was below its average.
• Analyst sentiment is broadly positive: two analysts rate the stock Strong Buy, one rates it Buy, and one rates it Hold, resulting in an overall MarketBeat rating of “Buy.”
• The company reported quarterly EPS of $0.23, missing the $0.36 consensus estimate, although it posted a 25.49% return on equity and a 32.92% net margin; several institutional investors also initiated positions.

Aya Gold & Silver Inc. (NASDAQ:AYA - Get Free Report)'s share price shot up 8% during trading on Thursday . The stock traded as high as $30.24 and last traded at $29.9910. 478,162 shares were traded during mid-day trading, a decline of 22% from the average session volume of 616,858 shares. The stock had previously closed at $27.77.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Aya Gold & Silver from a "hold" rating to a "strong-buy" rating in a report on Monday, July 13th. Desjardins raised shares of Aya Gold & Silver to a "moderate buy" rating in a research report on Friday, May 15th. Scotiabank upgraded shares of Aya Gold & Silver to a "strong-buy" rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings lowered 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 assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Aya Gold & Silver has an average rating of "Buy".

Aya Gold & Silver Price Performance

The business's 50-day moving average price is $21.86. The stock has a market cap of $4.22 billion and a PE ratio of 52.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.70 and a current ratio of 2.02.

Aya Gold & Silver (NASDAQ:AYA - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) 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%. Analysts anticipate that Aya Gold & Silver Inc. will post 1.11 EPS for the current year.

Institutional Trading of Aya Gold & Silver

Institutional investors have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Aya Gold & Silver in the second quarter valued at approximately $5,145,000. Deutsche Bank AG purchased a new position in shares of Aya Gold & Silver in the 2nd quarter worth $26,946,000. Alberta Investment Management Corp acquired a new position in shares of Aya Gold & Silver in the 2nd quarter valued at about $663,000. Addenda Capital Inc. purchased a new stake in Aya Gold & Silver during the second quarter worth approximately $1,097,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Aya Gold & Silver in the 2nd quarter valued at $729,000.

Aya Gold & Silver Company 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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