Cormark Decreases Earnings Estimates for Aya Gold & Silver

Aya Gold & Silver Inc. (TSE:AYA) – Analysts at Cormark dropped their FY2024 EPS estimates for Aya Gold & Silver in a report released on Friday, November 15th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.00 per share for the year, down from their previous estimate of $0.04. Cormark has a “Market Perform” rating and a $14.00 price target on the stock. The consensus estimate for Aya Gold & Silver’s current full-year earnings is $0.64 per share.

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

Aya Gold & Silver Price Performance

Aya Gold & Silver stock opened at C$12.72 on Monday. Aya Gold & Silver has a 52 week low of C$8.33 and a 52 week high of C$19.56. The company’s 50 day moving average price is C$16.98 and its two-hundred day moving average price is C$15.35. The stock has a market cap of C$1.66 billion, a P/E ratio of 141.33 and a beta of 1.40. The company has a quick ratio of 3.28, a current ratio of 2.66 and a debt-to-equity ratio of 36.42.

About Aya Gold & Silver

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.