Aya Gold & Silver (NASDAQ:AYA) Trading Down 8% – What’s Next?

Aya Gold & Silver Inc. (NASDAQ:AYA) fell 8% during mid-day trading on Monday . The company traded as low as $25.47 and last traded at $25.7320. Approximately 232,967 shares traded hands during trading, a decline of 66% from the average session volume of 685,469 shares. The stock had previously closed at $27.97.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aya Gold & Silver in a research note on Monday, August 31st. Scotiabank upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Zacks Research raised shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Aya Gold & Silver Trading Down 4.6%

The company has a market cap of $3.84 billion and a PE ratio of 47.72. The firm has a 50-day moving average price of $24.14. 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 posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS for the quarter, missing the consensus estimate 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 predict that Aya Gold & Silver Inc. will post 1.06 earnings per share for the current year.

Institutional Trading of Aya Gold & Silver

Several large investors have recently made changes to their positions in AYA. Van ECK Associates Corp acquired a new position in Aya Gold & Silver in the 2nd quarter valued at $193,481,000. Amundi purchased a new stake in shares of Aya Gold & Silver during the second quarter worth $29,474,000. Deutsche Bank AG purchased a new stake in shares of Aya Gold & Silver during the second quarter worth $26,946,000. Groupe la Francaise acquired a new stake in shares of Aya Gold & Silver in the second quarter valued at about $16,294,000. Finally, Bank of America Corp DE acquired a new stake in shares of Aya Gold & Silver in the second quarter valued at about $13,950,000.

About Aya Gold & Silver

Aya Gold & Silver Inc is a Canadian mining and mineral exploration company focused on the acquisition, development, and operation of precious- and base-metal properties in Morocco. The company’s primary product is silver, with additional exploration potential for gold, copper, lead, and zinc.

Aya’s flagship asset is the Zgounder Silver Mine, a high-grade underground operation in central Morocco. The company has expanded the mine and processing facilities to increase production capacity, while continuing exploration to extend mineral resources and mine life.