Aya Gold & Silver (TSE:AYA) Shares Down 7.5% on Analyst Downgrade

Aya Gold & Silver Inc. (TSE:AYA) shares dropped 7.5% during mid-day trading on Thursday after BMO Capital Markets lowered their price target on the stock from C$33.00 to C$29.00. The company traded as low as C$21.36 and last traded at C$22.37. Approximately 1,081,415 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 1,442,454 shares. The stock had previously closed at C$24.18.

Several other brokerages also recently commented on AYA. Stifel Nicolaus cut their price objective on shares of Aya Gold & Silver from C$33.00 to C$31.50 and set a “buy” rating on the stock in a research report on Friday, December 19th. Desjardins increased their price target on shares of Aya Gold & Silver from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, December 18th. CIBC upped their price objective on Aya Gold & Silver from C$27.00 to C$30.00 in a research report on Tuesday. Finally, Cormark lifted their target price on Aya Gold & Silver from C$12.50 to C$17.50 in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$24.94.

Aya Gold & Silver Stock Performance

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 moving average price of C$18.74 and a 200 day moving average price of C$15.78. The stock has a market cap of C$3.17 billion, a PE ratio of -745.33 and a beta of 1.66.

About Aya Gold & Silver

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.