Aya Gold & Silver (TSE:AYA) Reaches New 52-Week High - Should You Buy?

Key Points

• Aya Gold & Silver reached a new 52-week high, trading as high as C$20.44 and last at C$20.24 on volume of 761,562 shares, roughly a 3.5% intraday gain.
• Analysts have lifted price targets and the stock carries a consensus Buy rating with an average target of C$22.14; notable revisions include Stifel to C$33 and CIBC to C$25.
• The company (market cap C$2.85B) is a Morocco-focused gold and silver developer (Zgounder, Boumadine, etc.) with a negative PE (-670) and healthy liquidity (current ratio 2.06, quick ratio 3.28), reflecting development-stage operations rather than current earnings.

Aya Gold & Silver Inc. (TSE:AYA - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$20.44 and last traded at C$20.24, with a volume of 761562 shares. The stock had previously closed at C$19.42.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Cormark raised their target price on Aya Gold & Silver from C$12.50 to C$17.50 in a report on Tuesday, September 16th. Stifel Nicolaus upped their price target on Aya Gold & Silver from C$22.00 to C$33.00 in a research report on Monday, October 20th. Finally, CIBC raised their price objective on Aya Gold & Silver from C$23.00 to C$25.00 in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat.com, Aya Gold & Silver currently has a consensus rating of "Buy" and a consensus target price of C$22.14.

Aya Gold & Silver Stock Up 3.5%

The company has a 50-day moving average price of C$16.05 and a 200 day moving average price of C$14.33. The firm has a market capitalization of C$2.85 billion, a PE ratio of -670.00 and a beta of 1.37. The company has a debt-to-equity ratio of 34.69, a current ratio of 2.06 and a quick ratio of 3.28.

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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