Aya Gold & Silver (TSE:AYA) Price Target Cut to C$16.00

Aya Gold & Silver (TSE:AYA – Get Rating) had its price objective dropped by stock analysts at Stifel Nicolaus from C$16.25 to C$16.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ target price would indicate a potential upside of 101.51% from the stock’s current price.

Separately, National Bankshares increased their target price on Aya Gold & Silver from C$11.25 to C$11.50 and gave the stock an “outperform” rating in a research report on Friday, April 1st.

Shares of Aya Gold & Silver stock traded up C$0.05 on Wednesday, reaching C$7.94. 127,674 shares of the company were exchanged, compared to its average volume of 224,218. The firm has a market cap of C$832.74 million and a price-to-earnings ratio of 294.07. Aya Gold & Silver has a 1-year low of C$6.62 and a 1-year high of C$11.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 6.15 and a current ratio of 6.42. The company’s 50-day moving average is C$9.61 and its two-hundred day moving average is C$9.24.

In related news, Director Nikolaos Sofronis sold 15,000 shares of the stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of C$10.20, for a total value of C$153,000.00. Following the completion of the transaction, the director now owns 2,124,361 shares in the company, valued at approximately C$21,668,482.20.

About Aya Gold & Silver (Get Rating)

Aya Gold & Silver Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of precious metal properties in Morocco. The company explores for gold, silver, zinc, lead, tungsten, molybdenum, uranium, and copper 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.

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