Aya Gold & Silver (NASDAQ:AYA) Stock Jumps 4.7% – Still a Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA)’s share price shot up 4.7% during trading on Friday. The stock traded as high as $27.16 and last traded at $27.22. Approximately 145,497 shares were traded during mid-day trading, a decline of 82% from the average session volume of 796,194 shares. The stock had previously closed at $26.00.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Aya Gold & Silver from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Zacks Research upgraded shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Aya Gold & Silver has a consensus rating of “Strong Buy”.

Aya Gold & Silver Price Performance

The stock has a market cap of $3.82 billion and a PE ratio of 47.38. The business has a fifty day moving average of $27.51. The company has a current ratio of 2.02, a quick ratio of 1.70 and a debt-to-equity ratio of 0.11.

Aya Gold & Silver (NASDAQ:AYA) last posted its earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. On average, analysts expect that Aya Gold & Silver Inc. will post 1.05 EPS for the current year.

Institutional Investors Weigh In On Aya Gold & Silver

Hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. bought a new stake in Aya Gold & Silver during the 2nd quarter valued at approximately $39,000. BlackRock Inc. acquired a new position in Aya Gold & Silver during the 2nd quarter valued at $502,000. Quantbot Technologies LP acquired a new position in Aya Gold & Silver during the 2nd quarter valued at $557,000. Alberta Investment Management Corp acquired a new stake in Aya Gold & Silver in the 2nd quarter worth $663,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Aya Gold & Silver during the 2nd quarter worth about $673,000.

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is a Canadian mining company focused on the exploration, development and production of precious and base metals in Morocco. The company is primarily known for its silver operations and holds a portfolio of mining and exploration properties in the country.

Aya’s flagship asset is the Zgounder Silver Mine in the Anti-Atlas Mountains of central Morocco. The company has invested in expanding and modernizing the operation, which produces silver-bearing ore for processing.