CIBC Lowers Aya Gold & Silver (TSE:AYA) Price Target to C$22.00

Aya Gold & Silver (TSE:AYA) had its price target reduced by equities researchers at CIBC from C$23.00 to C$22.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 99.10% from the company’s current price.

Several other brokerages have also recently issued reports on AYA. Cormark reduced their price objective on Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday, January 30th. National Bankshares decreased their price objective on Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Stifel Canada upgraded Aya Gold & Silver to a “strong-buy” rating in a research note on Wednesday, March 19th. Desjardins cut their target price 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. Finally, Stifel Nicolaus set a C$22.50 target price on shares of Aya Gold & Silver and gave the company a “buy” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aya Gold & Silver currently has a consensus rating of “Buy” and a consensus price target of C$20.72.

Aya Gold & Silver Price Performance

Aya Gold & Silver stock opened at C$11.05 on Monday. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. Aya Gold & Silver has a 52-week low of C$10.12 and a 52-week high of C$19.56. The firm has a market cap of C$1.02 billion, a PE ratio of 130.55 and a beta of 1.40. The company’s 50 day moving average is C$11.95 and its two-hundred day moving average is C$13.72.

Insider Activity at Aya Gold & Silver

In other news, Senior Officer Alex Ball sold 20,000 shares of Aya Gold & Silver stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$12.08, for a total value of C$241,600.00. Also, Senior Officer Ugo Landry-Tolszczuk sold 38,591 shares of the stock in a transaction 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. Insiders sold 152,835 shares of company stock valued at $1,761,507 over the last three months. 10.18% of the stock is owned by corporate insiders.

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.