Brokerages Set Aya Gold & Silver Inc. (TSE:AYA) Price Target at C$21.50

Aya Gold & Silver Inc. (TSE:AYA) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$21.38.

Several equities research analysts have commented on the company. CIBC set a C$24.00 target price on Aya Gold & Silver and gave the company an “outperform” rating in a research note on Friday, November 22nd. Desjardins upgraded Aya Gold & Silver to a “moderate buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus cut their target price on Aya Gold & Silver from C$23.00 to C$22.25 in a research note on Monday, November 25th. Cormark cut their target price on Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday. Finally, National Bankshares cut their target price on Aya Gold & Silver from C$21.75 to C$21.25 and set an “outperform” rating on the stock in a research note on Thursday, January 9th.

Aya Gold & Silver Price Performance

Shares of AYA opened at C$11.68 on Wednesday. The company has a debt-to-equity ratio of 36.42, a quick ratio of 3.28 and a current ratio of 2.66. The stock has a 50 day simple moving average of C$11.93 and a 200 day simple moving average of C$14.48. Aya Gold & Silver has a 52-week low of C$9.40 and a 52-week high of C$19.56. The firm has a market capitalization of C$1.52 billion, a PE ratio of 129.78 and a beta of 1.40.

Insider Transactions at Aya Gold & Silver

In other news, Director Benoit La Salle sold 64,244 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$11.27, for a total transaction of C$724,145.52. Also, Senior Officer Alex Ball sold 20,000 shares of the company’s stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$12.08, for a total value of C$241,600.00. In the last three months, insiders have sold 152,835 shares of company stock valued at $1,761,507. 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.