CIBC Has Lowered Expectations for Aya Gold & Silver (TSE:AYA) Stock Price

Aya Gold & Silver (TSE:AYA) had its price objective lowered by equities research analysts at CIBC from C$23.00 to C$22.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 98.74% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Desjardins dropped their target price on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Cormark lowered 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 set a C$22.50 price target on Aya Gold & Silver and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Stifel Canada raised shares of Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, National Bankshares lowered their price target on shares of Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating for the company in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Aya Gold & Silver has an average rating of “Buy” and an average target price of C$20.72.

Aya Gold & Silver Stock Performance

Shares of AYA traded up C$0.27 during trading hours on Monday, hitting C$11.07. The stock had a trading volume of 681,084 shares, compared to its average volume of 803,470. The firm has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 130.78 and a beta of 1.40. The firm has a 50-day moving average price of C$11.97 and a 200 day moving average price of C$13.77. The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06. Aya Gold & Silver has a fifty-two week low of C$10.12 and a fifty-two week high of C$19.56.

Insider Buying and Selling at Aya Gold & Silver

In related news, Senior Officer Alex Ball sold 30,000 shares of Aya Gold & Silver stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of C$12.00, for a total value of C$360,000.00. Also, Director Benoit La Salle sold 64,244 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$11.27, for a total value of C$724,145.52. In the last three months, insiders have sold 152,835 shares of company stock valued at $1,761,507. 10.18% of the stock is currently owned by corporate 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.