Cormark Decreases Earnings Estimates for Aya Gold & Silver

Aya Gold & Silver Inc. (TSE:AYA) – Analysts at Cormark lowered their FY2024 EPS estimates for shares of Aya Gold & Silver in a research note issued on Friday, November 15th. Cormark analyst N. Dion now expects that the company will earn $0.00 per share for the year, down from their prior estimate of $0.04. Cormark currently has a “Market Perform” rating and a $14.00 target price on the stock. The consensus estimate for Aya Gold & Silver’s current full-year earnings is $0.64 per share.

A number of other research firms also recently weighed in on AYA. Desjardins raised Aya Gold & Silver to a “moderate buy” rating in a report on Thursday, October 31st. National Bankshares cut their target price on Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their price target on Aya Gold & Silver from C$18.50 to C$23.00 in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$21.50.

Aya Gold & Silver Stock Performance

TSE AYA opened at C$13.80 on Monday. Aya Gold & Silver has a twelve month low of C$8.33 and a twelve month high of C$19.56. The company has a quick ratio of 3.28, a current ratio of 2.66 and a debt-to-equity ratio of 36.42. The stock has a market cap of C$1.80 billion, a P/E ratio of 153.33 and a beta of 1.40. The company’s 50-day simple moving average is C$17.00 and its 200 day simple moving average is C$15.35.

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.