Aya Gold & Silver (NASDAQ:AYA) Shares Gap Up – Should You Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA) gapped up prior to trading on Monday. The stock had previously closed at $25.37, but opened at $26.85. Aya Gold & Silver shares last traded at $26.6410, with a volume of 144,114 shares traded.

Wall Street Analysts Forecast Growth

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

Aya Gold & Silver Trading Up 4.6%

The company’s 50-day moving average is $26.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.70 and a current ratio of 2.02. The stock has a market cap of $3.83 billion and a price-to-earnings ratio of 47.34.

Aya Gold & Silver (NASDAQ:AYA) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share 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, research analysts predict that Aya Gold & Silver Inc. will post 1.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AYA. Van ECK Associates Corp purchased a new position in shares of Aya Gold & Silver during the second quarter valued at $193,481,000. Amundi purchased a new stake in Aya Gold & Silver in the 2nd quarter worth about $29,474,000. Deutsche Bank AG purchased a new stake in Aya Gold & Silver in the 2nd quarter worth about $26,946,000. Groupe la Francaise purchased a new stake in Aya Gold & Silver in the 2nd quarter worth about $16,294,000. Finally, Bank of America Corp DE acquired a new stake in Aya Gold & Silver during the 2nd quarter worth about $13,950,000.

About Aya Gold & Silver

Aya Gold & Silver Inc is a Canadian mining company focused on silver production and mineral exploration in Morocco. Its principal operating asset is the Zgounder Silver Mine in the Anti-Atlas region, where the company mines and processes silver-bearing ore.

Aya is also advancing the Boumadine project in eastern Morocco, an exploration-stage gold and polymetallic deposit. Its work there is focused on assessing the project’s mineral potential.

The company was formerly known as Maya Gold & Silver and adopted the Aya Gold & Silver name in 2020.