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

Aya Gold & Silver Inc. (TSE:AYA) hit 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.

A number of other analysts also recently weighed in on AYA. BMO Capital Markets set a C$21.50 target price on shares of Aya Gold & Silver and gave the company an “outperform” rating in a research report on Monday, July 22nd. Desjardins increased 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 research report on Monday, July 22nd. Eight Capital increased their target price on shares of Aya Gold & Silver from C$22.00 to C$26.00 in a research report on Thursday, July 11th. Finally, National Bankshares decreased their target price on shares of Aya Gold & Silver from C$22.00 to C$21.75 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$21.64.

Aya Gold & Silver Trading Down 3.8 %

The company has a debt-to-equity ratio of 36.42, a quick ratio of 3.28 and a current ratio of 2.66. The firm has a 50 day simple moving average of C$16.35 and a two-hundred day simple moving average of C$14.90. The firm has a market capitalization of C$2.41 billion, a P/E ratio of 205.56 and a beta of 1.40.

Aya Gold & Silver (TSE:AYA) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C$0.07 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Aya Gold & Silver Inc. will post 0.6384455 earnings per share for the current 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.