Aya Gold & Silver (TSE:AYA) Price Target Raised to C$43.00 at National Bank Financial

Key Points

• National Bank Financial raised Aya Gold & Silver’s price target to C$43.00 from C$41.00 and maintained an “outperform” rating, implying 15.68% potential upside.
• Analyst sentiment remains positive, with a consensus “Buy” rating and average target price of C$36.67; several firms recently increased their targets or upgraded the stock.
• Aya shares fell 1.1% to C$37.17 during Thursday trading. The company recently reported C$0.33 in quarterly EPS and C$137.52 million in revenue, while operating the Zgounder silver mine in Morocco.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price objective upped by equities researchers at National Bank Financial from C$41.00 to C$43.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price objective would suggest a potential upside of 15.68% from the company's current price.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets increased their price objective on Aya Gold & Silver from C$36.00 to C$41.00 in a report on Friday, August 14th. Canadian Imperial Bank of Commerce boosted their target price on Aya Gold & Silver from C$35.00 to C$41.50 in a research note on Friday, August 14th. Desjardins set a C$38.00 target price on Aya Gold & Silver and gave the company a "buy" rating in a report on Monday, July 27th. Finally, Scotiabank upgraded shares of Aya Gold & Silver to a "strong-buy" rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$36.67.

Aya Gold & Silver Trading Down 1.1%

Shares of TSE:AYA traded down C$0.41 during midday trading on Thursday, hitting C$37.17. 518,458 shares of the stock traded hands, compared to its average volume of 1,506,159. The stock has a market capitalization of C$5.35 billion, a PE ratio of 61.95 and a beta of 3.09. The business's 50 day moving average is C$29.66 and its two-hundred day moving average is C$25.93. The company has a quick ratio of 3.28, a current ratio of 2.02 and a debt-to-equity ratio of 17.63. Aya Gold & Silver has a one year low of C$11.69 and a one year high of C$40.16.

Aya Gold & Silver (TSE:AYA - Get Free Report) last posted its 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 company had revenue of C$137.52 million for the quarter. As a group, research analysts forecast that Aya Gold & Silver will post 0.6384455 earnings per share 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.

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