Desjardins Upgrades Aya Gold & Silver (TSE:AYA) to Moderate Buy

Aya Gold & Silver (TSE:AYA) was upgraded by analysts at Desjardins to a “moderate buy” rating in a report released on Thursday,Zacks.com reports.

AYA has been the subject of several other reports. Cormark decreased their target price on Aya Gold & Silver from C$14.00 to C$13.00 in a research report on Thursday, January 30th. National Bankshares dropped their target price on shares of Aya Gold & Silver from C$20.75 to C$19.75 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Canada upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$22.50 price objective on Aya Gold & Silver and gave the company a “buy” rating in a research note on Wednesday, March 19th. Finally, CIBC decreased their target price on Aya Gold & Silver from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aya Gold & Silver has a consensus rating of “Buy” and an average target price of C$20.59.

Aya Gold & Silver Stock Performance

AYA stock opened at C$8.86 on Thursday. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. The firm has a market cap of C$819.30 million, a PE ratio of 104.67 and a beta of 1.40. The business has a 50 day moving average of C$11.84 and a 200-day moving average of C$13.61. Aya Gold & Silver has a 12-month low of C$8.53 and a 12-month high of C$19.56.

Insider Activity at Aya Gold & Silver

In other news, Senior Officer Alex Ball sold 30,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$12.00, for a total value of C$360,000.00. 10.18% of the stock is currently owned by corporate insiders.

About Aya Gold & Silver

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.