Aya Gold & Silver (TSE:AYA) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Aya Gold & Silver Inc. (TSE:AYA) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$37.55 and traded as high as C$38.20. Aya Gold & Silver shares last traded at C$37.79, with a volume of 694,780 shares.

Analysts Set New Price Targets

Several research firms recently issued reports on AYA. Canadian Imperial Bank of Commerce upped their price target on Aya Gold & Silver from C$41.50 to C$48.00 and gave the company an “outperformer” rating in a research report on Thursday, September 10th. National Bank Financial lifted their price objective on shares of Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Desjardins boosted their target price on shares of Aya Gold & Silver from C$38.00 to C$55.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Stifel Nicolaus increased their target price on shares of Aya Gold & Silver from C$39.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Finally, BMO Capital Markets raised their price target on shares of Aya Gold & Silver from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$48.83.

Aya Gold & Silver Price Performance

The company has a market capitalization of C$5.44 billion, a P/E ratio of 49.06 and a beta of 3.28. The company has a fifty day moving average price of C$37.55 and a 200 day moving average price of C$29.28. The company has a debt-to-equity ratio of 17.63, a current ratio of 2.02 and a quick ratio of 3.28.

Aya Gold & Silver (TSE:AYA) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.33 earnings per share for the quarter. The business had revenue of C$137.52 million for the quarter. Aya Gold & Silver had a return on equity of 25.26% and a net margin of 32.72%. On average, sell-side analysts forecast that Aya Gold & Silver Inc. will post 0.64 EPS for the current fiscal year.

About Aya Gold & Silver

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Company has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas fault – one of Africa’s most geologically rich, underexplored and mining-friendly regions. Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility.