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

Shares of Aya Gold & Silver Inc. (TSE:AYA) reached a new 52-week high during mid-day trading on Tuesday after Stifel Nicolaus raised their price target on the stock from C$18.50 to C$23.00. The company 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.

Several other research firms also recently commented on AYA. Eight Capital upped their price objective on Aya Gold & Silver from C$22.00 to C$26.00 in a research note on Thursday, July 11th. Desjardins lifted their target price on shares of Aya Gold & Silver from C$21.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, July 22nd. 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 report on Monday, July 22nd. Finally, National Bankshares dropped their target price on Aya Gold & Silver from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Aya Gold & Silver presently has a consensus rating of “Buy” and a consensus target price of C$21.46.

Aya Gold & Silver Stock Up 3.3 %

The firm’s 50-day moving average price is C$16.24 and its 200-day moving average price is C$14.85. The company has a debt-to-equity ratio of 36.42, a current ratio of 2.66 and a quick ratio of 3.28. The company has a market cap of C$2.54 billion, a price-to-earnings ratio of 209.78 and a beta of 1.40.

Aya Gold & Silver (TSE:AYA) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.06. The business 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%. Sell-side analysts forecast that Aya Gold & Silver Inc. will post 0.6384455 earnings per share 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.