Aya Gold & Silver (TSE:AYA) Trading Down 11.8% – Here’s Why

Aya Gold & Silver Inc. (TSE:AYA) shares were down 11.8% on Tuesday . The company traded as low as C$25.72 and last traded at C$25.75. Approximately 243,753 shares were traded during trading, a decline of 87% from the average daily volume of 1,900,263 shares. The stock had previously closed at C$29.19.

Analyst Ratings Changes

AYA has been the subject of several research reports. Desjardins lifted their target price on shares of Aya Gold & Silver from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Stifel Nicolaus lifted their price objective on Aya Gold & Silver from C$31.50 to C$39.00 in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce boosted their price objective on Aya Gold & Silver from C$30.00 to C$35.00 in a report on Wednesday, February 4th. National Bank Financial decreased their target price on Aya Gold & Silver from C$29.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, BMO Capital Markets lowered their target price on Aya Gold & Silver from C$33.00 to C$29.00 in a report on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Aya Gold & Silver currently has a consensus rating of “Buy” and an average price target of C$27.25.

Aya Gold & Silver Stock Performance

The firm has a market capitalization of C$3.69 billion, a price-to-earnings ratio of -867.67 and a beta of 2.09. The firm has a 50 day moving average price of C$23.56 and a 200-day moving average price of C$18.60. The company has a debt-to-equity ratio of 21.32, a current ratio of 1.96 and a quick ratio of 3.28.

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.