Aya Gold & Silver (TSE:AYA) Given New C$55.00 Price Target at Desjardins

Key Points

• Desjardins raised Aya Gold & Silver’s price target to C$55 from C$38 and maintained a “buy” rating, implying approximately 35% upside from the reported share price.
• Other analysts have also increased their targets, with the stock holding a consensus “Buy” rating and a consensus price target of C$39.50.
• Aya shares rose to C$40.69 during Thursday trading. The company recently reported C$0.33 in quarterly EPS, C$137.52 million in revenue, a 32.72% net margin, and a 25.26% return on equity.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price objective boosted by equities research analysts at Desjardins from C$38.00 to C$55.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price objective would suggest a potential upside of 35.17% from the stock's current price.

AYA has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on Aya Gold & Silver from C$36.00 to C$41.00 in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce upped their target price on Aya Gold & Silver from C$35.00 to C$41.50 in a research note on Friday, August 14th. Finally, National Bank Financial raised their price target on Aya Gold & Silver from C$41.00 to C$43.00 and gave the company an "outperform" rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$39.50.

Aya Gold & Silver Price Performance

Shares of AYA traded up C$2.22 during midday trading on Thursday, hitting C$40.69. 1,161,426 shares of the company traded hands, compared to its average volume of 1,493,746. Aya Gold & Silver has a one year low of C$11.95 and a one year high of C$41.98. The firm has a market cap of C$5.86 billion, a P/E ratio of 52.83 and a beta of 3.09. The company has a debt-to-equity ratio of 17.63, a current ratio of 2.02 and a quick ratio of 3.28. The stock has a 50-day moving average of C$30.65 and a 200-day moving average of C$26.47.

Aya Gold & Silver (TSE:AYA - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.33 EPS for the quarter. The company had revenue of C$137.52 million during the quarter. Aya Gold & Silver had a net margin of 32.72% and a return on equity of 25.26%. As a group, sell-side analysts predict that Aya Gold & Silver will post 0.6384455 EPS for the current fiscal 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.

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