Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Aya Gold & Silver (TSE:AYA) Stock

Key Points

• Canadian Imperial Bank of Commerce raised Aya Gold & Silver’s price target from C$41.50 to C$48.00 and maintained an “outperformer” rating, implying 23.27% upside from the prior close.
• Analyst sentiment remains broadly positive: Raymond James, National Bank Financial, BMO Capital Markets and Desjardins also raised their targets. Aya has an overall “Buy” consensus and an average target price of C$41.93.
• Aya reported quarterly EPS of C$0.33 on C$137.52 million in revenue, with a 32.72% net margin and 25.26% return on equity; its shares recently traded at C$38.94 after reaching a 12-month high of C$41.98.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price objective increased by equities research analysts at Canadian Imperial Bank of Commerce from C$41.50 to C$48.00 in a report released on Thursday, BayStreet reports. The brokerage currently has an "outperformer" rating on the stock. Canadian Imperial Bank of Commerce's price objective suggests a potential upside of 23.27% from the stock's previous close.

Several other brokerages have also issued reports on AYA. Raymond James Financial boosted their price target on Aya Gold & Silver from C$32.00 to C$45.00 and gave the company an "outperform" rating in a research note on Thursday. National Bank Financial raised their price objective 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. BMO Capital Markets lifted their price objective on Aya Gold & Silver from C$41.00 to C$46.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Desjardins boosted their price objective on 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. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$41.93.

Aya Gold & Silver Stock Performance

TSE:AYA traded down C$2.33 during trading hours on Thursday, hitting C$38.94. 520,691 shares of the company traded hands, compared to its average volume of 1,464,521. 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 has a twelve month low of C$11.95 and a twelve month high of C$41.98. The firm has a 50-day moving average of C$33.21 and a 200 day moving average of C$27.62. The stock has a market capitalization of C$5.61 billion, a price-to-earnings ratio of 50.55 and a beta of 3.30.

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