National Bankshares Issues Pessimistic Forecast for Aya Gold & Silver (TSE:AYA) Stock Price

Aya Gold & Silver (TSE:AYA) had its target price reduced by stock analysts at National Bankshares from C$21.75 to C$21.25 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 84.46% from the company’s current price.

A number of other brokerages have also commented on AYA. Stifel Nicolaus decreased their price target on shares of Aya Gold & Silver from C$23.00 to C$22.25 in a research note on Monday, November 25th. Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Thursday, October 31st. CIBC set a C$24.00 price objective on shares of Aya Gold & Silver and gave the company an “outperform” rating in a research note on Friday, November 22nd. Cormark downgraded Aya Gold & Silver from a “speculative buy” rating to a “market perform” rating and dropped their target price for the stock from C$20.00 to C$14.00 in a research report on Friday, November 15th. Finally, Cibc World Mkts upgraded Aya Gold & Silver to a “strong-buy” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$21.50.

Aya Gold & Silver Price Performance

Aya Gold & Silver stock traded up C$0.33 during mid-day trading on Thursday, reaching C$11.52. The company had a trading volume of 307,349 shares, compared to its average volume of 642,801. The business has a fifty day simple moving average of C$13.16 and a 200 day simple moving average of C$14.81. The company has a market cap of C$1.50 billion, a P/E ratio of 128.00 and a beta of 1.40. Aya Gold & Silver has a fifty-two week low of C$9.40 and a fifty-two week high of C$19.56. The company has a current ratio of 2.66, a quick ratio of 3.28 and a debt-to-equity ratio of 36.42.

Insider Activity at Aya Gold & Silver

In related news, Senior Officer Ugo Landry-Tolszczuk sold 38,591 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$11.29, for a total value of C$435,761.85. Also, Director Benoit La Salle sold 64,244 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total transaction of C$724,145.52. 10.18% of the stock is owned by insiders.

About Aya Gold & Silver

Aya Gold & Silver Inc, together with its subsidiaries, engages in the exploration, evaluation, and development of precious metals projects in Morocco. The company primarily explores for gold and silver deposits. Its flagship project is the Zgounder property located approximately 265 kms east of Agadir in the Proterozoic Siroua Massif of the Anti-Atlas Range, Morocco.