Desjardins Issues Pessimistic Forecast for Aya Gold & Silver (TSE:AYA) Stock Price

Aya Gold & Silver (TSE:AYA) had its price objective dropped by investment analysts at Desjardins from C$24.00 to C$23.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 91.03% from the company’s current price.

Several other research firms also recently issued reports on AYA. Cormark dropped their price target on shares of Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday, January 30th. Stifel Nicolaus dropped their price objective on Aya Gold & Silver from C$23.00 to C$22.25 in a report on Monday, November 25th. CIBC set a C$24.00 price target on shares of Aya Gold & Silver and gave the company an “outperform” rating in a report on Friday, November 22nd. Cibc World Mkts upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, National Bankshares reduced their price target on shares of Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$20.94.

Aya Gold & Silver Trading Down 1.0 %

Shares of AYA traded down C$0.12 during mid-day trading on Thursday, hitting C$12.04. The company had a trading volume of 213,638 shares, compared to its average volume of 677,148. Aya Gold & Silver has a 1-year low of C$9.43 and a 1-year high of C$19.56. The business’s 50-day simple moving average is C$11.74 and its 200-day simple moving average is C$14.33. The stock has a market cap of C$1.11 billion, a PE ratio of 142.24 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.

Insider Activity at Aya Gold & Silver

In other Aya Gold & Silver news, Senior Officer Ugo Landry-Tolszczuk sold 38,591 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$11.29, for a total value of C$435,761.85. Also, Senior Officer Alex Ball sold 20,000 shares of the stock in a transaction that occurred 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. Insiders sold 152,835 shares of company stock worth $1,761,507 in the last 90 days. 10.18% of the stock is currently owned by company insiders.

Aya Gold & Silver Company Profile

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.