Aya Gold & Silver (TSE:AYA) Price Target Raised to C$17.50 at Cormark

Key Points

• Cormark has raised the price target for Aya Gold & Silver (TSE:AYA) from C$12.50 to C$17.50, indicating a potential upside of 10.27% from the stock's previous close.
• Several other firms have also adjusted their price targets for Aya Gold & Silver, with Scotiabank setting it at C$18.50 and National Bankshares at C$19.00, both maintaining "outperform" ratings.
• Insider trading activity includes a purchase of 5,000 shares by Director John Feliks Burzynski at an average price of C$12.98, highlighting insider confidence in the stock.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price target increased by stock analysts at Cormark from C$12.50 to C$17.50 in a note issued to investors on Tuesday,BayStreet.CA reports. Cormark's price objective points to a potential upside of 10.27% from the stock's previous close.

A number of other research firms have also weighed in on AYA. Scotiabank reduced their target price on shares of Aya Gold & Silver from C$19.00 to C$18.50 and set an "outperform" rating on the stock in a report on Monday, June 23rd. National Bankshares increased their target price on shares of Aya Gold & Silver from C$18.75 to C$19.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Desjardins set a C$20.00 target price on Aya Gold & Silver and gave the stock a "buy" rating in a report on Thursday, June 19th. Finally, Citigroup dropped their price target on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$20.29.

Aya Gold & Silver Price Performance

Shares of Aya Gold & Silver stock traded down C$0.62 during midday trading on Tuesday, hitting C$15.87. 753,195 shares of the company traded hands, compared to its average volume of 973,907. The firm's fifty day moving average price is C$13.24 and its 200-day moving average price is C$12.14. The stock has a market cap of C$2.25 billion, a price-to-earnings ratio of -132.25 and a beta of 0.93. Aya Gold & Silver has a 12 month low of C$8.52 and a 12 month high of C$19.56. The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06.

Insider Transactions at Aya Gold & Silver

In other Aya Gold & Silver news, Director John Feliks Burzynski bought 5,000 shares of the stock in a transaction on Thursday, June 19th. The shares were acquired at an average price of C$12.98 per share, with a total value of C$64,900.00. 10.18% of the stock is owned by insiders.

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.

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