BMO Capital Markets Forecasts Strong Price Appreciation for Aya Gold & Silver (TSE:AYA) Stock

Aya Gold & Silver (TSE:AYA) had its target price upped by analysts at BMO Capital Markets from C$41.00 to C$46.00 in a research note issued on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 18.13% from the company’s current price.

Several other research analysts have also issued reports on AYA. National Bank Financial increased their price target 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. Canadian Imperial Bank of Commerce lifted their target price on shares of Aya Gold & Silver from C$35.00 to C$41.50 in a research report on Friday, August 14th. Desjardins boosted their price target on shares of Aya Gold & Silver from C$38.00 to C$55.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Raymond James Financial raised their target price on Aya Gold & Silver from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$41.93.

Aya Gold & Silver Price Performance

Aya Gold & Silver stock traded down C$2.33 during mid-day trading on Thursday, reaching C$38.94. The company had a trading volume of 520,691 shares, compared to its average volume of 1,464,521. The company has a market cap of C$5.61 billion, a P/E ratio of 50.55 and a beta of 3.30. Aya Gold & Silver has a fifty-two week low of C$11.95 and a fifty-two week high of C$41.98. The company has a current ratio of 2.02, a quick ratio of 3.28 and a debt-to-equity ratio of 17.63. The business has a fifty day simple moving average of C$33.21 and a 200 day simple moving average of C$27.62.

Aya Gold & Silver (TSE:AYA) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.33 EPS for the quarter. Aya Gold & Silver had a net margin of 32.72% and a return on equity of 25.26%. The company had revenue of C$137.52 million for the quarter. On average, equities research analysts predict that Aya Gold & Silver will post 0.6384455 earnings per share for the current year.

About Aya Gold & Silver

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.