What is Cormark’s Forecast for TSE:AYA FY2024 Earnings?

Aya Gold & Silver Inc. (TSE:AYA) – Cormark lowered their FY2024 earnings estimates for Aya Gold & Silver in a note issued to investors on Tuesday, February 25th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of ($0.04) for the year, down from their prior estimate of ($0.01). The consensus estimate for Aya Gold & Silver’s current full-year earnings is $0.64 per share.

Other analysts also recently issued reports about the company. Cibc World Mkts raised Aya Gold & Silver to a “strong-buy” rating in a research note on Friday, November 22nd. National Bankshares decreased their price target on Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating for the company in a report on Tuesday, February 11th. CIBC set a C$24.00 price objective on shares of Aya Gold & Silver and gave the company an “outperform” rating in a research report on Friday, November 22nd. Stifel Nicolaus reduced their target price on shares of Aya Gold & Silver from C$23.00 to C$22.25 in a research note on Monday, November 25th. Finally, Desjardins dropped their price target on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$20.94.

Aya Gold & Silver Trading Down 7.3 %

TSE AYA opened at C$11.77 on Thursday. The firm’s fifty day moving average is C$11.59 and its two-hundred day moving average is C$14.16. Aya Gold & Silver has a one year low of C$9.55 and a one year high of C$19.56. The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06. The firm has a market cap of C$1.09 billion, a PE ratio of 139.05 and a beta of 1.40.

Insider Activity

In other Aya Gold & Silver news, Director Benoit La Salle sold 64,244 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total value of C$724,145.52. Also, Senior Officer Ugo Landry-Tolszczuk sold 38,591 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$11.29, for a total transaction of C$435,761.85. In the last three months, insiders sold 152,835 shares of company stock worth $1,761,507. Company insiders own 10.18% of the company’s stock.

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.