Scotiabank Issues Pessimistic Forecast for Aya Gold & Silver (TSE:AYA) Stock Price

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price objective cut by analysts at Scotiabank from C$19.00 to C$18.50 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's target price points to a potential upside of 43.41% from the stock's current price.

Several other equities research analysts also recently weighed in on AYA. Desjardins set a C$20.00 price target on Aya Gold & Silver and gave the stock a "buy" rating in a report on Thursday. National Bankshares decreased their price objective on shares of Aya Gold & Silver from C$20.75 to C$19.75 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus boosted their target price on shares of Aya Gold & Silver from C$22.50 to C$23.00 in a research report on Monday, April 21st. Stifel Canada raised shares of Aya Gold & Silver to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, CIBC lowered their price objective on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$20.47.

Aya Gold & Silver Stock Up 2.5%

Shares of AYA traded up C$0.31 during trading hours on Monday, hitting C$12.90. The company had a trading volume of 413,325 shares, compared to its average volume of 969,162. Aya Gold & Silver has a one year low of C$8.52 and a one year high of C$19.56. The company's fifty day moving average price is C$11.45 and its two-hundred day moving average price is C$11.57. The company has a market capitalization of C$1.19 billion, a PE ratio of 152.40 and a beta of 1.40. The company has a current ratio of 2.06, a quick ratio of 3.28 and a debt-to-equity ratio of 34.69.

Insider Buying and Selling at Aya Gold & Silver

In other Aya Gold & Silver news, Director John Feliks Burzynski bought 5,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of C$11.42 per share, with a total value of C$57,100.00. Insiders bought 20,000 shares of company stock valued at $250,500 over the last quarter. 10.18% of the stock is currently owned by 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.

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