Aya Gold & Silver (TSE:AYA) Given New C$41.50 Price Target at Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce raised Aya Gold & Silver’s price target to C$41.50 from C$35.00, implying 16.28% upside from the reported C$35.69 share price.
• Analyst sentiment remains positive: Aya has an overall “Buy” consensus, with one Strong Buy and three Buy ratings; the consensus target is C$33.67.
• Aya reported quarterly revenue of C$137.52 million and EPS of C$0.33, alongside a 30.38% net margin and 20.80% return on equity.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its target price boosted by stock analysts at Canadian Imperial Bank of Commerce from C$35.00 to C$41.50 in a note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce's price objective indicates a potential upside of 16.28% from the company's current price.

Several other equities analysts have also recently issued reports on AYA. Desjardins set a C$38.00 price target on Aya Gold & Silver and gave the company a "buy" rating in a research report on Monday, July 27th. Scotiabank raised Aya Gold & Silver to a "strong-buy" rating in a research note on Thursday, April 23rd. Finally, BMO Capital Markets lifted their target price on Aya Gold & Silver from C$36.00 to C$41.00 in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Aya Gold & Silver has an average rating of "Buy" and a consensus price target of C$33.67.

Aya Gold & Silver Price Performance

Shares of TSE:AYA traded down C$1.75 during trading on Friday, reaching C$35.69. The company had a trading volume of 859,349 shares, compared to its average volume of 1,517,409. The firm's fifty day moving average is C$28.63 and its 200 day moving average is C$25.66. The company has a debt-to-equity ratio of 21.87, a quick ratio of 3.28 and a current ratio of 2.22. The firm has a market capitalization of C$5.12 billion, a PE ratio of 59.48 and a beta of 3.09. Aya Gold & Silver has a twelve month low of C$11.45 and a twelve month high of C$40.16.

Aya Gold & Silver (TSE:AYA - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.33 EPS for the quarter. Aya Gold & Silver had a net margin of 30.38% and a return on equity of 20.80%. The business had revenue of C$137.52 million for the quarter. On average, equities analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source