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

Aya Gold & Silver Inc. (TSE:AYA) hit a new 52-week high on Thursday after Desjardins raised their price target on the stock from C$38.00 to C$55.00. Desjardins currently has a buy rating on the stock. Aya Gold & Silver traded as high as C$41.11 and last traded at C$40.97, with a volume of 582069 shares changing hands. The stock had previously closed at C$38.47.

A number of other research analysts have also weighed in on the company. BMO Capital Markets raised their target price on Aya Gold & Silver from C$36.00 to C$41.00 in a report on Friday, August 14th. National Bank Financial increased their price objective on Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Aya Gold & Silver from C$35.00 to C$41.50 in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Aya Gold & Silver has a consensus rating of “Buy” and an average target price of C$39.50.

Aya Gold & Silver Trading Down 4.1%

The stock’s 50-day simple moving average is C$31.12 and its 200-day simple moving average is C$26.68. The company has a debt-to-equity ratio of 17.63, a quick ratio of 3.28 and a current ratio of 2.02. The firm has a market capitalization of C$5.60 billion, a PE ratio of 50.44 and a beta of 3.09.

Aya Gold & Silver (TSE:AYA) last announced its earnings results on Thursday, August 13th. The company reported C$0.33 earnings per share (EPS) for the quarter. Aya Gold & Silver had a return on equity of 25.26% and a net margin of 32.72%.The firm had revenue of C$137.52 million during the quarter. As a group, sell-side analysts expect that Aya Gold & Silver Inc. will post 0.6384455 EPS for the current fiscal year.

Aya Gold & Silver Company Profile

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Company has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas fault – one of Africa’s most geologically rich, underexplored and mining-friendly regions. Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility.