Aya Gold & Silver (NASDAQ:AYA) Sees Strong Trading Volume – Still a Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA) saw an uptick in trading volume on Friday . Approximately 585,735 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 559,052 shares.The stock last traded at $26.1860 and had previously closed at $26.94.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Desjardins upgraded shares of Aya Gold & Silver to a “moderate buy” rating in a research note on Friday, May 15th. Zacks Research upgraded Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Scotiabank raised Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings cut Aya Gold & Silver from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Two investment 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. According to data from MarketBeat.com, Aya Gold & Silver has a consensus rating of “Buy”.

Aya Gold & Silver Price Performance

The firm has a market cap of $3.82 billion and a P/E ratio of 80.35. 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 business’s 50-day moving average is $20.36.

Aya Gold & Silver (NASDAQ:AYA) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 20.92% and a net margin of 30.45%. As a group, analysts forecast that Aya Gold & Silver Inc. will post 1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Aya Gold & Silver during the 2nd quarter valued at about $502,000. Quantbot Technologies LP purchased a new stake in Aya Gold & Silver in the 2nd quarter worth approximately $557,000. Alberta Investment Management Corp purchased a new stake in Aya Gold & Silver in the 2nd quarter worth approximately $663,000. Cibc World Market Inc. bought a new stake in Aya Gold & Silver during the 2nd quarter worth approximately $1,509,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Aya Gold & Silver during the second quarter valued at approximately $5,145,000.

Aya Gold & Silver Company Profile

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.