Aya Gold & Silver (TSE:AYA) Stock Price Up 0.9% – Still a Buy?

Aya Gold & Silver Inc. (TSE:AYA)’s share price shot up 0.9% during trading on Tuesday . The stock traded as high as C$10.99 and last traded at C$10.74. 411,015 shares were traded during mid-day trading, a decline of 13% from the average session volume of 474,312 shares. The stock had previously closed at C$10.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research note on Thursday, October 31st. Cormark cut shares of Aya Gold & Silver from a “speculative buy” rating to a “market perform” rating and cut their price objective for the company from C$20.00 to C$14.00 in a report on Friday, November 15th. Cibc World Mkts upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Friday, November 22nd. Stifel Nicolaus reduced their price target on Aya Gold & Silver from C$23.00 to C$22.25 in a report on Monday, November 25th. Finally, CIBC set a C$24.00 price objective on Aya Gold & Silver and gave the company an “outperform” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$21.72.

Aya Gold & Silver Trading Up 4.6 %

The company has a fifty day moving average of C$13.87 and a 200-day moving average of C$14.90. The company has a current ratio of 2.66, a quick ratio of 3.28 and a debt-to-equity ratio of 36.42. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 124.78 and a beta of 1.40.

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.