Aya Gold & Silver (TSE:AYA) Reaches New 52-Week High on Analyst Upgrade

Aya Gold & Silver Inc. (TSE:AYA) reached a new 52-week high during trading 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 traded. The stock had previously closed at C$18.88.

A number of other equities research analysts also recently weighed in on AYA. National Bankshares cut 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 research report on Wednesday, July 17th. BMO Capital Markets set a C$21.50 price target on shares of Aya Gold & Silver and gave the company an “outperform” rating in a research report on Monday, July 22nd. Desjardins upped 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. Finally, Eight Capital increased their price target on shares of Aya Gold & Silver from C$22.00 to C$26.00 in a research report on Thursday, July 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Aya Gold & Silver has an average rating of “Buy” and an average target price of C$21.46.

Aya Gold & Silver Stock Performance

The company has a debt-to-equity ratio of 36.42, a current ratio of 2.66 and a quick ratio of 3.28. The firm has a fifty day simple moving average of C$16.24 and a 200 day simple moving average of C$14.85. The company has a market cap of C$2.54 billion, a price-to-earnings ratio of 209.78 and a beta of 1.40.

Aya Gold & Silver (TSE:AYA) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.01 by C$0.06. The business had revenue of C$18.72 million for the quarter. Aya Gold & Silver had a net margin of 22.31% and a return on equity of 3.70%. On average, sell-side analysts expect that Aya Gold & Silver Inc. will post 0.6384455 earnings per share for the current fiscal year.

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.