Aya Gold & Silver (TSE:AYA) Downgraded by Cormark to Market Perform

Cormark downgraded shares of Aya Gold & Silver (TSE:AYA) from a speculative buy rating to a market perform rating in a research report report published on Friday morning, Marketbeat Ratings reports. Cormark currently has C$14.00 target price on the stock, down from their prior target price of C$20.00. Cormark also issued estimates for Aya Gold & Silver’s FY2024 earnings at $0.00 EPS.

Other equities research analysts have also issued reports about the stock. 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 note on Monday, July 22nd. Desjardins upgraded shares of Aya Gold & Silver to a “moderate buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Aya Gold & Silver from C$18.50 to C$23.00 in a research note on Monday, October 21st. Finally, National Bankshares decreased their target price on Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$21.50.

Aya Gold & Silver Stock Up 7.8 %

Shares of Aya Gold & Silver stock opened at C$12.72 on Friday. The stock has a market capitalization of C$1.66 billion, a PE ratio of 141.33 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 has a 52-week low of C$8.33 and a 52-week high of C$19.56. The company has a 50-day simple moving average of C$16.98 and a two-hundred day simple moving average of C$15.35.

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.