Aya Gold & Silver (TSE:AYA) Price Target Raised to C$45.00 at Raymond James Financial

Key Points

• Raymond James raised Aya Gold & Silver’s price target to C$45.00 from C$32.00 and maintained an “outperform” rating, implying 15.56% upside from the prior close.
• Analyst sentiment remains positive: Aya has an average “Buy” rating and a consensus price target of C$41.93, with several firms recently raising their targets.
• The stock fell 5.6% to C$38.94 during Thursday trading. Aya reported C$0.33 in quarterly EPS and C$137.52 million in revenue, with a 32.72% net margin.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price target raised by research analysts at Raymond James Financial from C$32.00 to C$45.00 in a research report issued on Thursday, BayStreet reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's price target indicates a potential upside of 15.56% from the stock's previous close.

A number of other research firms have also recently commented on AYA. Canadian Imperial Bank of Commerce increased their target price on Aya Gold & Silver from C$35.00 to C$41.50 in a research note on Friday, August 14th. National Bank Financial upped their price target on shares of Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an "outperform" rating in a research note on Thursday, August 20th. Desjardins increased their price objective on shares of Aya Gold & Silver from C$38.00 to C$55.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Finally, BMO Capital Markets raised their price objective on shares of Aya Gold & Silver from C$36.00 to C$41.00 in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, Aya Gold & Silver has an average rating of "Buy" and a consensus price target of C$41.93.

Aya Gold & Silver Stock Down 5.6%

AYA traded down C$2.33 during midday trading on Thursday, reaching C$38.94. The company's stock had a trading volume of 520,691 shares, compared to its average volume of 1,464,521. Aya Gold & Silver has a 1 year low of C$11.95 and a 1 year high of C$41.98. The stock's 50-day moving average is C$33.21 and its 200-day moving average is C$27.62. The firm has a market capitalization of C$5.61 billion, a price-to-earnings ratio of 50.55 and a beta of 3.30. The company has a current ratio of 2.02, a quick ratio of 3.28 and a debt-to-equity ratio of 17.63.

Aya Gold & Silver (TSE:AYA - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm 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, research analysts expect that Aya Gold & Silver will post 0.6384455 EPS 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.

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