Aya Gold & Silver (NASDAQ:AYA) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Aya Gold & Silver Inc. (NASDAQ:AYA) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $26.71 and traded as high as $27.04. Aya Gold & Silver shares last traded at $26.77, with a volume of 658,780 shares traded.

Analyst Upgrades and Downgrades

AYA has been the subject of a number of analyst reports. Weiss Ratings upgraded Aya Gold & Silver from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Zacks Research raised Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Aya Gold & Silver Stock Performance

The firm’s fifty day moving average price is $26.71. 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 $3.86 billion and a price-to-earnings ratio of 47.80.

Aya Gold & Silver (NASDAQ:AYA) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS 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%. Sell-side analysts predict that Aya Gold & Silver Inc. will post 1.06 earnings per share for the current year.

Hedge Funds Weigh In On Aya Gold & Silver

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in shares of Aya Gold & Silver in the 2nd quarter worth $13,950,000. Amundi purchased a new position in Aya Gold & Silver during the 2nd quarter worth $29,474,000. Caisse de depot et placement du Quebec purchased a new position in Aya Gold & Silver during the 2nd quarter worth $2,486,000. Deutsche Bank AG purchased a new position in Aya Gold & Silver during the 2nd quarter worth $26,946,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Aya Gold & Silver during the 2nd quarter valued at about $5,145,000.

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.