Aya Gold & Silver (TSE:AYA) Hits New 1-Year High on Analyst Upgrade

Aya Gold & Silver Inc. (TSE:AYA)’s share price reached a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$18.50 to C$23.00. The stock traded as high as C$19.55 and last traded at C$19.50, with a volume of 297172 shares changing hands. The stock had previously closed at C$18.88.

A number of other analysts have also commented on AYA. BMO Capital Markets set a C$21.50 price objective on Aya Gold & Silver and gave the company an “outperform” rating in a research note on Monday, July 22nd. Desjardins increased their price objective on Aya Gold & Silver from C$21.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Eight Capital increased their price objective on Aya Gold & Silver from C$22.00 to C$26.00 in a research note on Thursday, July 11th. Finally, National Bankshares decreased their price objective on Aya Gold & Silver from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Aya Gold & Silver has a consensus rating of “Buy” and an average price target of C$21.46.

Aya Gold & Silver Trading Up 1.9 %

The company has a quick ratio of 3.28, a current ratio of 2.66 and a debt-to-equity ratio of 36.42. The firm has a market cap of C$2.51 billion, a price-to-earnings ratio of 214.44 and a beta of 1.40. The business has a 50 day moving average price of C$16.24 and a 200-day moving average price of C$14.85.

Aya Gold & Silver (TSE:AYA) last posted its earnings results on Wednesday, August 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.06. Aya Gold & Silver had a return on equity of 3.70% and a net margin of 22.31%. The business had revenue of C$18.72 million during the quarter. As a group, research analysts expect that Aya Gold & Silver Inc. will post 0.6384455 EPS for the current fiscal year.

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.