Eight Capital Increases Aya Gold & Silver (TSE:AYA) Price Target to C$26.00

Aya Gold & Silver (TSE:AYA) had its target price boosted by investment analysts at Eight Capital from C$22.00 to C$26.00 in a research report issued on Thursday, BayStreet.CA reports. Eight Capital’s price objective points to a potential upside of 63.52% from the company’s previous close.

A number of other brokerages also recently issued reports on AYA. Desjardins boosted their price objective on Aya Gold & Silver from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Cormark increased their target price on shares of Aya Gold & Silver from C$12.50 to C$15.00 in a research report on Wednesday, April 17th. Stifel Nicolaus upped their price objective on shares of Aya Gold & Silver from C$15.75 to C$16.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Raymond James raised their price target on Aya Gold & Silver from C$13.25 to C$17.00 in a report on Tuesday, April 23rd. Finally, National Bankshares boosted their price objective on shares of Aya Gold & Silver from C$18.25 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd.

Aya Gold & Silver Price Performance

Shares of TSE AYA opened at C$15.90 on Thursday. The company has a market cap of C$2.07 billion, a price-to-earnings ratio of 1,590.00 and a beta of 1.34. The company has a current ratio of 3.29, a quick ratio of 3.28 and a debt-to-equity ratio of 30.47. The stock has a 50-day moving average price of C$14.32 and a two-hundred day moving average price of C$12.24. Aya Gold & Silver has a 12 month low of C$6.58 and a 12 month high of C$16.06.

Aya Gold & Silver (TSE:AYA) last posted its earnings results on Wednesday, May 15th. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.01). The business had revenue of C$6.85 million for the quarter. Aya Gold & Silver had a return on equity of 0.72% and a net margin of 5.05%. As a group, analysts forecast that Aya Gold & Silver will post 0.0954451 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Alex Ball acquired 30,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was purchased at an average price of C$13.29 per share, with a total value of C$398,700.00. In other news, Senior Officer Alex Ball bought 30,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of C$13.29 per share, for a total transaction of C$398,700.00. Also, Senior Officer Ugo Landry-Tolszczuk sold 19,850 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of C$13.99, for a total value of C$277,701.50. Insiders have sold a total of 28,113 shares of company stock worth $399,686 in the last 90 days. 12.60% of the stock is owned by company insiders.

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.