Aya Gold & Silver (NASDAQ:AYA) Sets New 1-Year High – Should You Buy?

Aya Gold & Silver Inc. (NASDAQ:AYA) reached a new 52-week high on Wednesday . The company traded as high as $30.40 and last traded at $29.59, with a volume of 165551 shares trading hands. The stock had previously closed at $29.15.

Analyst Ratings Changes

A number of research analysts have commented on AYA shares. Zacks Research upgraded shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Aya Gold & Silver in a report on Monday, August 31st. Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Desjardins raised Aya Gold & Silver to a “moderate buy” rating in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Aya Gold & Silver Stock Down 4.9%

The company has a quick ratio of 1.70, a current ratio of 2.02 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.09 billion and a PE ratio of 50.75. The business’s 50-day moving average price is $23.97.

Aya Gold & Silver (NASDAQ:AYA) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. As a group, equities research analysts anticipate that Aya Gold & Silver Inc. will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Aya Gold & Silver

Institutional investors have recently bought and sold shares of the business. Amundi bought a new stake in shares of Aya Gold & Silver during the second quarter worth $29,474,000. Groupe la Francaise acquired a new stake in Aya Gold & Silver in the 2nd quarter valued at about $16,294,000. TD Waterhouse Canada Inc. acquired a new stake in Aya Gold & Silver in the 2nd quarter valued at about $39,000. Addenda Capital Inc. bought a new position in shares of Aya Gold & Silver in the second quarter worth about $1,097,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Aya Gold & Silver in the second quarter worth about $729,000.

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.