Aya Gold & Silver (TSE:AYA) Price Target Raised to C$41.00

Key Points

• BMO Capital Markets raised Aya Gold & Silver’s price target to C$41.00 from C$36.00, implying 14.88% upside from the prior close. The analyst maintained a positive outlook, while the broader analyst consensus remains “Buy” with a C$33.67 target.
• Aya shares traded down C$1.75 to C$35.69, near their 52-week high of C$40.16, while the company’s market capitalization stood at approximately C$5.12 billion.
• The company reported quarterly revenue of C$137.52 million and earnings of C$0.33 per share, alongside a 30.38% net margin and 20.80% return on equity.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price objective lifted by BMO Capital Markets from C$36.00 to C$41.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets' price target would suggest a potential upside of 14.88% from the company's previous close.

AYA has been the topic of a number of other reports. Desjardins set a C$38.00 price target on shares of Aya Gold & Silver and gave the company a "buy" rating in a research note on Monday, July 27th. Scotiabank upgraded Aya Gold & Silver to a "strong-buy" rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$33.67.

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Aya Gold & Silver Price Performance

Shares of TSE:AYA traded down C$1.75 during midday trading on Friday, reaching C$35.69. 859,349 shares of the company's stock traded hands, compared to its average volume of 1,517,409. The company has a fifty day simple moving average of C$28.63 and a two-hundred day simple moving average of C$25.66. Aya Gold & Silver has a 1 year low of C$11.45 and a 1 year high of C$40.16. The company has a market cap of C$5.12 billion, a P/E ratio of 59.48 and a beta of 3.09. The company has a debt-to-equity ratio of 21.87, a quick ratio of 3.28 and a current ratio of 2.22.

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