Aya Gold & Silver (TSE:AYA) Price Target Cut to C$23.00 by Analysts at Desjardins

Aya Gold & Silver (TSE:AYA) had its price objective trimmed by Desjardins from C$24.00 to C$23.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on AYA. Stifel Nicolaus lowered their target price on Aya Gold & Silver from C$23.00 to C$22.25 in a report on Monday, November 25th. National Bankshares lowered their target price on Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating for the company in a report on Tuesday. Cormark lowered their target price on Aya Gold & Silver from C$14.00 to C$13.00 in a report on Thursday, January 30th. CIBC set a C$24.00 target price on Aya Gold & Silver and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Cibc World Mkts upgraded Aya Gold & Silver to a “strong-buy” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$20.94.

Aya Gold & Silver Price Performance

AYA opened at C$12.09 on Thursday. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. Aya Gold & Silver has a 12 month low of C$9.43 and a 12 month high of C$19.56. The company has a fifty day simple moving average of C$11.71 and a 200 day simple moving average of C$14.31. The stock has a market cap of C$1.12 billion, a P/E ratio of 142.83 and a beta of 1.40.

Insider Activity

In related news, Senior Officer Alex Ball sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$12.08, for a total value of C$241,600.00. Also, Director Benoit La Salle sold 64,244 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total transaction of C$724,145.52. Insiders sold 152,835 shares of company stock worth $1,761,507 in the last quarter. Corporate insiders own 10.18% of the company’s stock.

Aya Gold & Silver Company Profile

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.