Aya Gold & Silver (TSE:AYA) Shares Up 10.1% - Should You Buy?

Key Points

• Shares jumped 10.1% to C$21.13 (intraday high C$21.20) on Tuesday, but trading volume was weak at ~347,555 shares—about an 81% drop from the average daily volume of 1.85 million.
• The stock carries a consensus "Buy" rating from five analysts with a consensus price target of C$27.25, though analyst targets vary widely (recent raises to C$39 and C$35 and cuts to C$29 and C$25 were reported).
• Aya has a market cap of C$2.98 billion and reported quarterly EPS of C$0.16 on C$100.86 million revenue, but a negative trailing P/E (-700.67), low net margin (1.81%) and modest ROE (0.76%), reflecting limited profitability despite projected FY EPS of ~0.64.

Shares of Aya Gold & Silver Inc. (TSE:AYA - Get Free Report) were up 10.1% during trading on Tuesday . The stock traded as high as C$21.20 and last traded at C$21.13. Approximately 347,555 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 1,854,295 shares. The stock had previously closed at C$19.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AYA shares. BMO Capital Markets reduced their price objective on shares of Aya Gold & Silver from C$33.00 to C$29.00 in a research note on Wednesday, January 14th. Stifel Nicolaus boosted their target price on shares of Aya Gold & Silver from C$31.50 to C$39.00 in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce upped their price target on shares of Aya Gold & Silver from C$30.00 to C$35.00 in a research report on Wednesday, February 4th. National Bank Financial lowered their price objective on Aya Gold & Silver from C$29.00 to C$25.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. Finally, Desjardins upped their target price on Aya Gold & Silver from C$30.00 to C$32.00 and gave the company a "buy" rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$27.25.

Aya Gold & Silver Stock Up 9.5%

The company has a market cap of C$2.98 billion, a price-to-earnings ratio of -700.67 and a beta of 2.37. The stock's 50-day moving average is C$23.39 and its 200-day moving average is C$19.54. The company has a current ratio of 1.96, a quick ratio of 3.28 and a debt-to-equity ratio of 21.32.

Aya Gold & Silver (TSE:AYA - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported C$0.16 earnings per share for the quarter. The firm had revenue of C$100.86 million during the quarter. Aya Gold & Silver had a net margin of 1.81% and a return on equity of 0.76%. On average, analysts anticipate that Aya Gold & Silver Inc. will post 0.6384455 earnings per share for the current fiscal year.

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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