Cibc World Market Inc. Makes New Investment in Aya Gold & Silver Inc. $AYA

Cibc World Market Inc. bought a new stake in Aya Gold & Silver Inc. (NASDAQ:AYA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 79,762 shares of the company’s stock, valued at approximately $1,509,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Aya Gold & Silver during the second quarter worth approximately $502,000. Quantbot Technologies LP acquired a new position in Aya Gold & Silver in the 2nd quarter valued at $557,000. Alberta Investment Management Corp purchased a new position in Aya Gold & Silver in the 2nd quarter valued at $663,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Aya Gold & Silver during the 2nd quarter worth $5,145,000. Finally, Deutsche Bank AG acquired a new stake in Aya Gold & Silver during the 2nd quarter worth $26,946,000.

Aya Gold & Silver Stock Up 5.5%

NASDAQ:AYA opened at $29.29 on Friday. Aya Gold & Silver Inc. has a 52 week low of $15.84 and a 52 week high of $30.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.02 and a quick ratio of 1.70. The stock has a market capitalization of $4.22 billion and a P/E ratio of 52.30. The company has a fifty day simple moving average of $22.05.

Aya Gold & Silver (NASDAQ:AYA) last announced its quarterly earnings results 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 net margin of 32.92% and a return on equity of 25.49%. Sell-side analysts anticipate that Aya Gold & Silver Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AYA shares. Scotiabank raised shares of Aya Gold & Silver to a “strong-buy” rating in a report on Wednesday, May 20th. Desjardins upgraded shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Friday, May 15th. Weiss Ratings cut shares of Aya Gold & Silver from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research upgraded shares of Aya Gold & Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

About Aya Gold & Silver

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.