Aya Gold & Silver (TSE:AYA) Given a C$24.00 Price Target by CIBC Analysts

Aya Gold & Silver (TSE:AYA) received a C$24.00 price target from analysts at CIBC in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 78.97% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus raised their target price on shares of Aya Gold & Silver from C$18.50 to C$23.00 in a research report on Monday, October 21st. National Bankshares cut their price objective on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Desjardins raised Aya Gold & Silver to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Cormark downgraded Aya Gold & Silver from a “speculative buy” rating to a “market perform” rating and cut their price target for the company from C$20.00 to C$14.00 in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$21.81.

Aya Gold & Silver Trading Up 5.1 %

Shares of TSE AYA opened at C$13.41 on Friday. Aya Gold & Silver has a twelve month low of C$8.57 and a twelve month high of C$19.56. The firm has a market cap of C$1.75 billion, a PE ratio of 149.00 and a beta of 1.40. The business has a fifty day simple moving average of C$16.91 and a two-hundred day simple moving average of C$15.34. 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.