Aya Gold & Silver (TSE:AYA) Hits New 1-Year High - What's Next?

Key Points

• Aya Gold & Silver shares reached a new 52-week high of C$42.63 and last traded at C$42.60, up from the previous close of C$40.24.
• Analysts remain broadly bullish, with one Strong Buy and six Buy ratings. Several firms raised their price targets, and the consensus target is C$48.83.
• The company reported quarterly EPS of C$0.33 on C$137.52 million in revenue, with a 32.72% net margin and 25.26% return on equity; Aya operates the Zgounder silver mine in Morocco.

Shares of Aya Gold & Silver Inc. (TSE:AYA - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$42.63 and last traded at C$42.60, with a volume of 737081 shares trading hands. The stock had previously closed at C$40.24.

Analyst Upgrades and Downgrades

AYA has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce lifted their price objective on shares of Aya Gold & Silver from C$41.50 to C$48.00 and gave the stock an "outperformer" rating in a research note on Thursday, September 10th. Desjardins lifted their price target on shares of Aya Gold & Silver from C$38.00 to C$55.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. BMO Capital Markets upped their price objective on shares of Aya Gold & Silver from C$41.00 to C$46.00 and gave the company an "outperform" rating in a research report on Thursday, September 10th. Raymond James Financial raised their price objective on Aya Gold & Silver from C$32.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Thursday, September 10th. Finally, National Bank Financial lifted their target price on Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$48.83.

Aya Gold & Silver Price Performance

The stock has a market cap of C$6.13 billion, a P/E ratio of 55.27 and a beta of 3.30. The company has a 50 day simple moving average of C$34.97 and a 200 day simple moving average of C$28.28. The company has a current ratio of 2.02, a quick ratio of 3.28 and a debt-to-equity ratio of 17.63.

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 (EPS) for the quarter. The company had revenue of C$137.52 million for the quarter. Aya Gold & Silver had a net margin of 32.72% and a return on equity of 25.26%. Sell-side analysts forecast 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 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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