Aya Gold & Silver (TSE:AYA) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Aya Gold & Silver Inc. (TSE:AYA)’s stock price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$37.55 and traded as high as C$38.20. Aya Gold & Silver shares last traded at C$37.79, with a volume of 694,780 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AYA. Raymond James Financial lifted their target price on Aya Gold & Silver from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, September 10th. BMO Capital Markets boosted their price target on Aya Gold & Silver from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. Stifel Nicolaus increased their price target on Aya Gold & Silver from C$39.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, September 11th. Desjardins raised their price objective on Aya Gold & Silver from C$38.00 to C$55.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, National Bank Financial lifted their price objective on Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat.com, Aya Gold & Silver presently has an average rating of “Buy” and an average target price of C$48.83.

Aya Gold & Silver Stock Up 5.6%

The company has a current ratio of 2.02, a quick ratio of 3.28 and a debt-to-equity ratio of 17.63. The stock has a market capitalization of C$5.44 billion, a P/E ratio of 49.06 and a beta of 3.28. The stock’s 50 day simple moving average is C$37.55 and its 200 day simple moving average is C$29.28.

Aya Gold & Silver (TSE:AYA) last released its earnings results on Thursday, August 13th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$137.52 million during the quarter. Aya Gold & Silver had a net margin of 32.72% and a return on equity of 25.26%. As a group, research analysts predict that Aya Gold & Silver Inc. will post 0.64 EPS for the current fiscal year.

About Aya Gold & Silver

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Company has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas fault – one of Africa’s most geologically rich, underexplored and mining-friendly regions. Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility.