Aya Gold & Silver (TSE:AYA) Trading Up 9.8% – Should You Buy?

Aya Gold & Silver Inc. (TSE:AYA)’s stock price shot up 9.8% during trading on Tuesday . The stock traded as high as C$11.12 and last traded at C$11.12. 195,215 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 737,217 shares. The stock had previously closed at C$10.13.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AYA shares. Cibc World Mkts upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a research note on Friday, November 22nd. National Bankshares lowered their price objective on shares of Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Desjardins lowered their price objective on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. CIBC set a C$24.00 price objective on shares of Aya Gold & Silver and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Cormark reduced their target price on shares of Aya Gold & Silver from C$14.00 to C$13.00 in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$20.94.

Aya Gold & Silver Stock Performance

The firm’s fifty day moving average price is C$11.70 and its 200 day moving average price is C$13.92. The company has a current ratio of 2.06, a quick ratio of 3.28 and a debt-to-equity ratio of 34.69. The firm has a market capitalization of C$1.12 billion, a PE ratio of 143.19 and a beta of 1.40.

Insider Activity

In other news, Senior Officer Alex Ball sold 20,000 shares of the business’s stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$12.08, for a total transaction of C$241,600.00. Also, Director Benoit La Salle sold 64,244 shares of Aya Gold & Silver stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total transaction of C$724,145.52. Insiders have sold a total of 152,835 shares of company stock worth $1,761,507 in the last ninety days. Corporate insiders own 10.18% of the company’s stock.

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.