Aya Gold & Silver (TSE:AYA) Stock Price Expected to Rise, CIBC Analyst Says

Key Points

• CIBC has increased its price target for Aya Gold & Silver from C$23.00 to C$25.00, suggesting a potential upside of 60.15% from the current stock price.
• Other research firms have also adjusted their targets, with Cormark raising its price target to C$17.50, while Citigroup lowered it to C$22.00, indicating a mixed outlook from analysts.
• Currently, Aya Gold & Silver enjoys a consensus rating of "Buy" among analysts, with a consensus price target of C$20.71.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price target upped by analysts at CIBC from C$23.00 to C$25.00 in a research note issued on Friday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 60.15% from the stock's current price.

Several other research firms have also recently commented on AYA. Cormark raised their target price on Aya Gold & Silver from C$12.50 to C$17.50 in a research note on Tuesday, September 16th. Citigroup lowered their target price on Aya Gold & Silver from C$23.00 to C$22.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. National Bankshares boosted their price target on Aya Gold & Silver from C$18.75 to C$19.00 and gave the company an "outperform" rating in a report on Tuesday, June 24th. Desjardins set a C$20.00 price target on Aya Gold & Silver and gave the stock a "buy" rating in a research note on Thursday, June 19th. Finally, Scotiabank lowered their price objective on Aya Gold & Silver from C$19.00 to C$18.50 and set an "outperform" rating on the stock in a research report on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Aya Gold & Silver currently has a consensus rating of "Buy" and a consensus price target of C$20.71.

Aya Gold & Silver Stock Performance

TSE AYA traded down C$0.39 on Friday, reaching C$15.61. The stock had a trading volume of 1,327,537 shares, compared to its average volume of 1,119,142. The firm has a fifty day moving average of C$14.29 and a two-hundred day moving average of C$12.61. The company has a market cap of C$2.22 billion, a P/E ratio of -130.08 and a beta of 1.14. 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 has a 1-year low of C$8.52 and a 1-year high of C$19.56.

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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