Legal & General Group Plc Buys New Shares in Aya Gold & Silver Inc. $AYA

Legal & General Group Plc bought a new position in shares of Aya Gold & Silver Inc. (NASDAQ:AYA) during the 2nd quarter, Holdings Channel.com reports. The firm bought 129,067 shares of the company’s stock, valued at approximately $2,444,000.

A number of other hedge funds have also recently added to or reduced their stakes in AYA. Alberta Investment Management Corp purchased a new stake in Aya Gold & Silver in the 2nd quarter valued at about $663,000. Deutsche Bank AG purchased a new position in shares of Aya Gold & Silver during the 2nd quarter worth about $26,946,000. BlackRock Inc. purchased a new position in shares of Aya Gold & Silver during the 2nd quarter worth about $502,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Aya Gold & Silver in the second quarter worth approximately $5,145,000. Finally, Quantbot Technologies LP purchased a new stake in Aya Gold & Silver in the second quarter valued at approximately $557,000.

Aya Gold & Silver Stock Down 3.1%

AYA opened at $28.91 on Friday. The stock has a market capitalization of $4.16 billion and a price-to-earnings ratio of 51.62. The firm’s 50 day moving average price is $23.17. Aya Gold & Silver Inc. has a 52-week low of $15.84 and a 52-week high of $30.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.02 and a quick ratio of 1.70.

Aya Gold & Silver (NASDAQ:AYA) last announced its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share 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%. Equities analysts expect that Aya Gold & Silver Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AYA has been the subject of several research analyst reports. Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Friday, May 15th. Zacks Research upgraded shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Aya Gold & Silver in a research note on Monday, August 31st. Finally, Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Aya Gold & Silver currently has a consensus rating of “Buy”.

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.