Aya Gold & Silver (TSE:AYA) Hits New 52-Week High – Time to Buy?

Aya Gold & Silver Inc. (TSE:AYA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$24.11 and last traded at C$23.79, with a volume of 417407 shares changing hands. The stock had previously closed at C$21.38.

Analysts Set New Price Targets

AYA has been the topic of a number of recent research reports. Cormark boosted their target price on Aya Gold & Silver from C$12.50 to C$17.50 in a research note on Tuesday, September 16th. CIBC lifted their price target on Aya Gold & Silver from C$25.00 to C$27.00 in a report on Wednesday, December 17th. Stifel Nicolaus dropped their price objective on Aya Gold & Silver from C$33.00 to C$31.50 and set a “buy” rating on the stock in a report on Friday, December 19th. Finally, Desjardins raised their price objective on shares of Aya Gold & Silver from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$23.93.

Aya Gold & Silver Price Performance

The firm has a market cap of C$3.44 billion, a P/E ratio of -807.00 and a beta of 1.66. The stock’s 50-day moving average is C$17.84 and its 200-day moving average is C$15.44. 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 Company Profile

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.