Stifel Nicolaus Forecasts Strong Price Appreciation for Aya Gold & Silver (TSE:AYA) Stock

Key Points

• Stifel Nicolaus has increased its price target for Aya Gold & Silver from C$22.00 to C$33.00, indicating an expected upside of 85.08% from the current price.
• The current consensus rating for Aya Gold & Silver is "Buy", with two analysts giving a Strong Buy rating and an average price target of C$22.14.
• Aya Gold & Silver's shares traded up 4.2% recently, reaching C$17.83, with a market capitalization of C$2.53 billion.

Aya Gold & Silver (TSE:AYA - Get Free Report) had its price target upped by investment analysts at Stifel Nicolaus from C$22.00 to C$33.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus' price target suggests a potential upside of 85.08% from the stock's current price.

Other equities research analysts have also issued reports about the stock. National Bankshares upped their price objective on shares of Aya Gold & Silver from C$18.75 to C$19.00 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Scotiabank dropped their target price on shares of 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. CIBC boosted their target price on shares of Aya Gold & Silver from C$23.00 to C$25.00 in a research report on Friday, October 10th. Cormark boosted their target price on shares of Aya Gold & Silver from C$12.50 to C$17.50 in a research report on Tuesday, September 16th. Finally, Citigroup dropped their target price on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$22.14.

Aya Gold & Silver Trading Up 4.2%

Shares of TSE:AYA traded up C$0.72 during trading on Monday, reaching C$17.83. The stock had a trading volume of 559,836 shares, compared to its average volume of 1,139,101. The firm's fifty day moving average is C$14.84 and its 200 day moving average is C$12.86. The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06. Aya Gold & Silver has a 52 week low of C$8.52 and a 52 week high of C$19.68. The stock has a market cap of C$2.53 billion, a price-to-earnings ratio of -148.58 and a beta of 1.14.

About Aya Gold & Silver

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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