Aya Gold & Silver (TSE:AYA) Rating Lowered to Market Perform at Cormark

Aya Gold & Silver (TSE:AYA) was downgraded by stock analysts at Cormark from a “speculative buy” rating to a “market perform” rating in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a C$14.00 price objective on the stock, down from their previous price objective of C$20.00. Cormark’s target price points to a potential upside of 10.06% from the stock’s previous close. Cormark also issued estimates for Aya Gold & Silver’s FY2024 earnings at $0.00 EPS.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets set a C$21.50 price target on shares of Aya Gold & Silver and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Stifel Nicolaus raised their target price on Aya Gold & Silver from C$18.50 to C$23.00 in a research report on Monday, October 21st. National Bankshares lowered their price target on Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Desjardins raised Aya Gold & Silver to a “moderate buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$21.50.

Aya Gold & Silver Stock Performance

Shares of AYA stock opened at C$12.72 on Friday. The company has a current ratio of 2.66, a quick ratio of 3.28 and a debt-to-equity ratio of 36.42. Aya Gold & Silver has a 12-month low of C$8.33 and a 12-month high of C$19.56. The business’s 50 day moving average is C$16.98 and its two-hundred day moving average is C$15.35. The company has a market capitalization of C$1.66 billion, a P/E ratio of 141.33 and a beta of 1.40.

Aya Gold & Silver (TSE:AYA) last announced 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. The firm had revenue of C$18.72 million for the quarter. Aya Gold & Silver had a return on equity of 3.70% and a net margin of 22.31%. Analysts expect that Aya Gold & Silver 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.