Aya Gold & Silver (NASDAQ:AYA) Shares Gap Down – Time to Sell?

Aya Gold & Silver Inc. (NASDAQ:AYA)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $26.19, but opened at $25.00. Aya Gold & Silver shares last traded at $25.3340, with a volume of 199,634 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AYA shares. Zacks Research upgraded Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Aya Gold & Silver from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Aya Gold & Silver Stock Down 4.3%

The stock has a market capitalization of $3.61 billion and a P/E ratio of 44.77. The company has a current ratio of 2.02, a quick ratio of 1.70 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average of $27.49.

Aya Gold & Silver (NASDAQ:AYA) last released its quarterly earnings data 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 net margin of 32.92% and a return on equity of 25.49%. On average, research analysts predict that Aya Gold & Silver Inc. will post 1.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Aya Gold & Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new position in Aya Gold & Silver in the second quarter valued at approximately $39,000. BlackRock Inc. acquired a new stake in shares of Aya Gold & Silver during the 2nd quarter valued at about $502,000. Quantbot Technologies LP acquired a new stake in shares of Aya Gold & Silver during the 2nd quarter valued at about $557,000. Alberta Investment Management Corp acquired a new position in Aya Gold & Silver in the 2nd quarter worth about $663,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Aya Gold & Silver in the second quarter valued at approximately $673,000.

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is a Canadian mining company focused on the exploration, development and production of precious and base metals in Morocco. The company is primarily known for its silver operations and holds a portfolio of mining and exploration properties in the country.

Aya’s flagship asset is the Zgounder Silver Mine in the Anti-Atlas Mountains of central Morocco. The company has invested in expanding and modernizing the operation, which produces silver-bearing ore for processing.