Aya Gold & Silver (TSE:AYA) Price Target Raised to C$56.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised Aya Gold & Silver’s price target from C$39.00 to C$56.00 and reiterated its “buy” rating, implying approximately 45% upside from the reported C$38.61 share price.
• Analyst sentiment remains broadly positive: Aya has a consensus “Buy” rating and an average price target of C$44.36, with several firms recently increasing their targets.
• Aya reported quarterly EPS of C$0.33 on revenue of C$137.52 million, alongside a 32.72% net margin and 25.26% return on equity; shares have risen substantially from their C$11.95 one-year low.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its target price raised by research analysts at Stifel Nicolaus from C$39.00 to C$56.00 in a report issued on Friday, BayStreet reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 45.04% from the stock's current price.

A number of other research firms also recently weighed in on AYA. National Bank Financial boosted their target price 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. Desjardins increased their price target 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. Raymond James Financial lifted their price target on shares of Aya Gold & Silver from C$32.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Thursday. BMO Capital Markets boosted their price objective on shares of Aya Gold & Silver from C$41.00 to C$46.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Aya Gold & Silver from C$41.50 to C$48.00 and gave the company an "outperformer" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$44.36.

Aya Gold & Silver Price Performance

AYA traded down C$0.71 during trading on Friday, reaching C$38.61. The stock had a trading volume of 766,171 shares, compared to its average volume of 1,464,686. The business has a 50-day moving average of C$33.44 and a 200-day moving average of C$27.73. Aya Gold & Silver has a one year low of C$11.95 and a one year high of C$41.98. 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 stock has a market cap of C$5.56 billion, a PE ratio of 50.13 and a beta of 3.30.

Aya Gold & Silver (TSE:AYA - Get Free Report) last issued 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 firm had revenue of C$137.52 million during the quarter. As a group, equities research analysts anticipate that Aya Gold & Silver 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.

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