Aya Gold & Silver (NASDAQ:AYA) Shares Gap Down – Here’s What Happened

Shares of Aya Gold & Silver Inc. (NASDAQ:AYA) gapped down before the market opened on Tuesday . The stock had previously closed at $27.92, but opened at $26.55. Aya Gold & Silver shares last traded at $27.3790, with a volume of 202,593 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aya Gold & Silver in a research report on Monday. Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a research note on Wednesday, May 20th. Desjardins upgraded shares of Aya Gold & Silver to a “moderate buy” rating in a report on Friday, May 15th. Finally, Zacks Research upgraded shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Aya Gold & Silver Stock Up 7.5%

The company has a market cap of $4.08 billion and a price-to-earnings ratio of 50.62. The company has a quick ratio of 1.70, a current ratio of 2.02 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $22.76.

Aya Gold & Silver (NASDAQ:AYA) 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 net margin of 32.92% and a return on equity of 25.49%. As a group, analysts expect that Aya Gold & Silver Inc. will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Caisse de depot et placement du Quebec acquired a new stake in shares of Aya Gold & Silver during the second quarter worth about $2,486,000. Edmond DE Rothschild Holding S.A. acquired a new position in Aya Gold & Silver in the 2nd quarter worth approximately $5,145,000. Deutsche Bank AG acquired a new position in Aya Gold & Silver in the 2nd quarter worth approximately $26,946,000. Van ECK Associates Corp acquired a new position in Aya Gold & Silver in the 2nd quarter worth approximately $193,481,000. Finally, Alberta Investment Management Corp purchased a new position in Aya Gold & Silver during the 2nd quarter worth approximately $663,000.

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.