Aya Gold & Silver (TSE:AYA) Reaches New 52-Week High - Here's What Happened

Key Points

• Aya Gold & Silver shares hit a new 52-week high of C$41.11, last trading at C$40.97 after rising 4.3% on volume of roughly 582,000 shares.
• Analysts remain bullish, with a consensus “Buy” rating and recent price-target increases, including National Bank Financial’s C$43 target; however, the consensus target of C$36.67 is below the current share price.
• 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 and is focused on expanding its resource base.

Aya Gold & Silver Inc. (TSE:AYA - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as C$41.11 and last traded at C$40.97, with a volume of 582069 shares trading hands. The stock had previously closed at C$38.47.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Canadian Imperial Bank of Commerce lifted their price target on shares of Aya Gold & Silver from C$35.00 to C$41.50 in a research report on Friday, August 14th. National Bank Financial increased their price objective on Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an "outperform" rating in a research report on Thursday, August 20th. Desjardins set a C$38.00 target price on Aya Gold & Silver and gave the stock a "buy" rating in a research note on Monday, July 27th. Finally, BMO Capital Markets lifted their target price on Aya Gold & Silver from C$36.00 to C$41.00 in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$36.67.

Aya Gold & Silver Trading Up 4.3%

The company has a market cap of C$5.78 billion, a PE ratio of 52.10 and a beta of 3.09. The company's 50 day simple moving average is C$30.65 and its two-hundred day simple moving average is C$26.47. The company has a debt-to-equity ratio of 17.63, a current ratio of 2.02 and a quick ratio of 3.28.

Aya Gold & Silver (TSE:AYA - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.33 earnings per share (EPS) for the quarter. Aya Gold & Silver had a net margin of 32.72% and a return on equity of 25.26%. The business had revenue of C$137.52 million for the quarter. As a group, sell-side analysts anticipate that Aya Gold & Silver Inc. will post 0.6384455 EPS for the current fiscal year.

About Aya Gold & Silver

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