Aya Gold & Silver (TSE:AYA) Reaches New 12-Month High – Should You Buy?

Aya Gold & Silver Inc. (TSE:AYA) shares reached a new 52-week high on Tuesday . The company traded as high as C$42.63 and last traded at C$42.60, with a volume of 737081 shares. The stock had previously closed at C$40.24.

Analyst Ratings Changes

AYA has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce lifted their target price on shares of Aya Gold & Silver from C$41.50 to C$48.00 and gave the stock an “outperformer” rating in a report on Thursday, September 10th. National Bank Financial raised their price target on Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Stifel Nicolaus upped their price objective on Aya Gold & Silver from C$39.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, September 11th. 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 report on Thursday, September 10th. Finally, BMO Capital Markets boosted their target price on Aya Gold & Silver from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$48.83.

Aya Gold & Silver Trading Down 6.9%

The company has a quick ratio of 3.28, a current ratio of 2.02 and a debt-to-equity ratio of 17.63. The stock has a market capitalization of C$5.72 billion, a P/E ratio of 51.57 and a beta of 3.30. The company has a fifty day simple moving average of C$35.50 and a two-hundred day simple moving average of C$28.50.

Aya Gold & Silver (TSE:AYA) last announced its quarterly 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 company had revenue of C$137.52 million during the quarter. On average, sell-side analysts expect that Aya Gold & Silver Inc. 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.