Aya Gold & Silver (NASDAQ:AYA) Trading Up 9.5% – Should You Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA)’s stock price traded up 9.5% during trading on Wednesday . The company traded as high as $27.27 and last traded at $27.3530. 147,827 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 576,191 shares. The stock had previously closed at $24.99.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AYA shares. Zacks Research upgraded Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Desjardins raised Aya Gold & Silver to a “moderate buy” rating in a research report on Friday, May 15th. Weiss Ratings cut Aya Gold & Silver from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Finally, Scotiabank raised shares of Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Aya Gold & Silver has a consensus rating of “Buy”.

Aya Gold & Silver Trading Up 9.0%

The stock has a 50-day moving average price of $20.88. The stock has a market cap of $3.92 billion and a PE ratio of 48.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.70 and a current ratio of 2.02.

Aya Gold & Silver (NASDAQ:AYA) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. On average, analysts anticipate that Aya Gold & Silver Inc. will post 1.12 EPS for the current year.

Institutional Trading of Aya Gold & Silver

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Aya Gold & Silver in the 2nd quarter worth $502,000. Quantbot Technologies LP acquired a new stake in shares of Aya Gold & Silver during the second quarter worth $557,000. Alberta Investment Management Corp purchased a new stake in shares of Aya Gold & Silver during the second quarter valued at $663,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Aya Gold & Silver during the second quarter valued at $673,000. Finally, Cibc World Market Inc. acquired a new position in shares of Aya Gold & Silver in the 2nd quarter valued at $1,509,000.

About Aya Gold & Silver

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.