Aya Gold & Silver (TSE:AYA) Hits New 52-Week Low – Here’s Why

Shares of Aya Gold & Silver Inc. (TSE:AYA) reached a new 52-week low during trading on Monday . The stock traded as low as C$10.20 and last traded at C$10.22, with a volume of 663790 shares. The stock had previously closed at C$11.23.

Wall Street Analyst Weigh In

AYA has been the subject of several research reports. Cibc World Mkts raised shares of Aya Gold & Silver to a “strong-buy” rating in a research report on Friday, November 22nd. CIBC set a C$24.00 price target on Aya Gold & Silver and gave the company an “outperform” rating in a report on Friday, November 22nd. Cormark reduced their price objective on Aya Gold & Silver from C$14.00 to C$13.00 in a report on Thursday, January 30th. Stifel Nicolaus dropped their price target on Aya Gold & Silver from C$23.00 to C$22.25 in a research report on Monday, November 25th. Finally, National Bankshares decreased their price objective 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, February 11th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$20.94.

Aya Gold & Silver Price Performance

The company has a market cap of C$936.74 million, a PE ratio of 119.68 and a beta of 1.40. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. The firm has a 50 day simple moving average of C$11.67 and a 200-day simple moving average of C$14.02.

Insider Buying and Selling

In other Aya Gold & Silver news, Director Benoit La Salle sold 64,244 shares of the business’s 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 transaction of C$724,145.52. Also, Senior Officer Ugo Landry-Tolszczuk sold 38,591 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$11.29, for a total transaction of C$435,761.85. Insiders sold a total of 152,835 shares of company stock worth $1,761,507 in the last 90 days. 10.18% of the stock is owned by corporate 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.