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

Aya Gold & Silver Inc. (TSE:AYA) shares hit a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$18.50 to C$23.00. The stock traded as high as C$19.55 and last traded at C$19.50, with a volume of 297172 shares. The stock had previously closed at C$18.88.

AYA has been the subject of several other research reports. BMO Capital Markets set a C$21.50 price objective on Aya Gold & Silver and gave the stock an “outperform” rating in a report on Monday, July 22nd. Desjardins lifted their target price on 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. National Bankshares reduced their target price on Aya Gold & Silver from C$22.00 to C$21.75 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Eight Capital lifted their target price on Aya Gold & Silver from C$22.00 to C$26.00 in a report on Thursday, July 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$21.64.

Aya Gold & Silver Stock Down 3.8 %

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

Aya Gold & Silver (TSE:AYA) last announced 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. Aya Gold & Silver had a return on equity of 3.70% and a net margin of 22.31%. The firm had revenue of C$18.72 million during the quarter. On average, research analysts anticipate that Aya Gold & Silver Inc. will post 0.6384455 EPS for the current fiscal year.

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.