Aya Gold & Silver (NASDAQ:AYA) Trading 2.7% Higher – Still a Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA) shares traded up 2.7% during mid-day trading on Monday . The stock traded as high as $28.16 and last traded at $27.92. 751,666 shares were traded during trading, an increase of 14% from the average daily volume of 658,254 shares. The stock had previously closed at $27.19.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AYA shares. Zacks Research raised shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Desjardins upgraded Aya Gold & Silver to a “moderate buy” rating in a report on Friday, May 15th. Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings downgraded Aya Gold & Silver from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Aya Gold & Silver Stock Up 0.7%

The company has a current ratio of 2.22, a quick ratio of 1.92 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $4.04 billion and a PE ratio of 84.97. The stock’s fifty day simple moving average is $20.04.

Hedge Funds Weigh In On Aya Gold & Silver

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Aya Gold & Silver in the 2nd quarter valued at $502,000. Quantbot Technologies LP purchased a new stake in Aya Gold & Silver in the second quarter valued at $557,000. Alberta Investment Management Corp acquired a new position in Aya Gold & Silver in the second quarter valued at $663,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Aya Gold & Silver during the second quarter worth about $5,145,000. Finally, Deutsche Bank AG purchased a new position in shares of Aya Gold & Silver during the second quarter worth about $26,946,000.

Aya Gold & Silver Company Profile

Aya Gold & Silver is a precious metals company focused on the exploration, development, and production of silver and gold. The company is best known for its operations in Morocco, where it is advancing and operating assets within the country’s mining sector.

The company’s business activities center on identifying, developing, and optimizing mineral resources, with an emphasis on silver production and related byproducts. Aya Gold & Silver is involved in the full mining lifecycle, from exploration and resource definition through to mine development and operations.

Founded as a Canadian mining company, Aya Gold & Silver has built its portfolio around North African mineral assets and continues to concentrate on expanding its presence in Morocco.