Scotiabank Cuts Aya Gold & Silver (TSE:AYA) Price Target to C$18.50

Aya Gold & Silver (TSE:AYA - Free Report) had its target price cut by Scotiabank from C$19.00 to C$18.50 in a research note released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently weighed in on AYA. National Bankshares reduced their price target on Aya Gold & Silver from C$20.75 to C$19.75 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Stifel Canada raised shares of Aya Gold & Silver to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC decreased their target price on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Stifel Nicolaus upped their target price on shares of Aya Gold & Silver from C$22.50 to C$23.00 in a research note on Monday, April 21st. Finally, Desjardins set a C$20.00 price target on shares of Aya Gold & Silver and gave the company a "buy" rating in a report on Thursday, June 19th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Aya Gold & Silver currently has a consensus rating of "Buy" and an average price target of C$20.56.

Aya Gold & Silver Stock Up 3.7%

AYA stock traded up C$0.45 on Monday, reaching C$12.55. 750,979 shares of the company traded hands, compared to its average volume of 972,960. The company has a debt-to-equity ratio of 34.69, a current ratio of 2.06 and a quick ratio of 3.28. The firm has a fifty day simple moving average of C$11.54 and a 200-day simple moving average of C$11.57. Aya Gold & Silver has a one year low of C$8.52 and a one year high of C$19.56. The company has a market cap of C$1.16 billion, a P/E ratio of 148.27 and a beta of 1.40.

Insider Transactions at Aya Gold & Silver

In other news, Director John Feliks Burzynski purchased 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average cost of C$11.77 per share, with a total value of C$58,850.00. Insiders purchased 20,000 shares of company stock worth $250,500 over the last three months. 10.18% of the stock is currently owned by company insiders.

About Aya Gold & Silver

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.