Aya Gold & Silver (NASDAQ:AYA) Shares Gap Up – Here’s Why

Aya Gold & Silver Inc. (NASDAQ:AYA)’s stock price 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Aya Gold & Silver from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, Aya Gold & Silver has an average rating of “Strong Buy”.

Aya Gold & Silver Price Performance

The business’s 50-day moving average is $26.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.70 and a current ratio of 2.02.

Aya Gold & Silver (NASDAQ:AYA) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. Equities research analysts predict that Aya Gold & Silver Inc. will post 1.06 earnings per share for the current year.

Institutional Trading of Aya Gold & Silver

Institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. acquired a new stake in Aya Gold & Silver during the 2nd quarter valued at approximately $39,000. BlackRock Inc. acquired a new stake in Aya Gold & Silver during the 2nd quarter worth about $502,000. Quantbot Technologies LP acquired a new stake in Aya Gold & Silver during the 2nd quarter worth about $557,000. Alberta Investment Management Corp acquired a new stake in Aya Gold & Silver during the 2nd quarter worth about $663,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Aya Gold & Silver in the 2nd quarter worth about $673,000.

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.