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

Aya Gold & Silver Inc. (TSE:AYA)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-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 trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Desjardins raised their price target on shares of Aya Gold & Silver from C$38.00 to C$55.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. BMO Capital Markets lifted their price target on shares of Aya Gold & Silver from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, September 10th. Stifel Nicolaus upped their price objective on Aya Gold & Silver from C$39.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, September 11th. National Bank Financial increased their price objective on Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Finally, Raymond James Financial raised their target price on Aya Gold & Silver from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$48.83.

Aya Gold & Silver Stock Down 2.4%

The business has a 50 day simple moving average of C$37.45 and a 200 day simple moving average of C$29.38. The company has a market capitalization of C$5.03 billion, a price-to-earnings ratio of 45.30 and a beta of 3.28. 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 issued its quarterly earnings data 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 during the quarter. Aya Gold & Silver had a return on equity of 25.26% and a net margin of 32.72%. As a group, equities analysts predict that Aya Gold & Silver Inc. will post 0.64 earnings per share 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.