Aya Gold & Silver (NASDAQ:AYA) Trading 2.7% Higher – Still a Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA) shares rose 2.7% during trading on Monday . The stock traded as high as $28.16 and last traded at $27.92. 751,666 shares were traded during trading, an increase of 14% from the average session volume of 658,254 shares. The stock had previously closed at $27.19.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AYA. Weiss Ratings downgraded shares of Aya Gold & Silver from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Scotiabank raised Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, May 20th. Desjardins upgraded Aya Gold & Silver to a “moderate buy” rating in a research note on Friday, May 15th. Finally, Zacks Research raised 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 given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Aya Gold & Silver Price Performance

The company has a market cap of $4.02 billion and a P/E ratio of 84.61. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $19.91.

Hedge Funds Weigh In On Aya Gold & Silver

A number of institutional investors and hedge funds have recently bought and sold shares of AYA. BlackRock Inc. bought a new position in Aya Gold & Silver in the second quarter valued at about $502,000. Deutsche Bank AG acquired a new position in shares of Aya Gold & Silver in the second quarter valued at approximately $26,946,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Aya Gold & Silver in the second quarter valued at approximately $663,000.

About Aya Gold & Silver

Aya Gold & Silver is a precious metals company focused on the exploration, development, and production of silver and gold. The company is best known for its operations in Morocco, where it is advancing and operating assets within the country’s mining sector.

The company’s business activities center on identifying, developing, and optimizing mineral resources, with an emphasis on silver production and related byproducts. Aya Gold & Silver is involved in the full mining lifecycle, from exploration and resource definition through to mine development and operations.

Founded as a Canadian mining company, Aya Gold & Silver has built its portfolio around North African mineral assets and continues to concentrate on expanding its presence in Morocco.