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

Aya Gold & Silver (TSE:AYA) had its target price lowered by analysts at National Bankshares from C$21.25 to C$20.75 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 70.64% from the company’s previous close.

Several other research firms have also recently issued reports on AYA. Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Thursday, October 31st. Cibc World Mkts upgraded Aya Gold & Silver to a “strong-buy” rating in a report on Friday, November 22nd. CIBC set a C$24.00 price objective on Aya Gold & Silver and gave the stock an “outperform” rating in a report on Friday, November 22nd. 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. Finally, Cormark cut their price target on Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday, January 30th. One research 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. According to data from MarketBeat, Aya Gold & Silver presently has an average rating of “Buy” and an average target price of C$21.31.

Aya Gold & Silver Stock Up 3.8 %

Shares of AYA opened at C$12.16 on Tuesday. The firm has a fifty day moving average price of C$11.74 and a 200-day moving average price of C$14.33. The company has a current ratio of 2.66, a quick ratio of 3.28 and a debt-to-equity ratio of 36.42. The firm has a market capitalization of C$1.59 billion, a P/E ratio of 135.11 and a beta of 1.40. Aya Gold & Silver has a 12-month low of C$9.40 and a 12-month high of C$19.56.

Insider Buying and Selling

In related news, Director Benoit La Salle sold 64,244 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total value of C$724,145.52. Also, Senior Officer Alex Ball sold 20,000 shares of Aya Gold & Silver stock in a transaction that occurred on Monday, January 20th. The stock was sold at an average price of C$12.08, for a total transaction of C$241,600.00. Insiders sold 152,835 shares of company stock worth $1,761,507 in the last three months. 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.