Aya Gold & Silver (TSE:AYA) Reaches New 12-Month High – Here’s What Happened

Shares of Aya Gold & Silver Inc. (TSE:AYA) reached a new 52-week high during trading on Monday . The stock traded as high as C$24.11 and last traded at C$23.79, with a volume of 417407 shares trading hands. The stock had previously closed at C$21.38.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AYA. Cormark upped their target price on Aya Gold & Silver from C$12.50 to C$17.50 in a report on Tuesday, September 16th. Desjardins raised their price objective on shares of Aya Gold & Silver from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. CIBC boosted their price target on Aya Gold & Silver from C$27.00 to C$30.00 in a research note on Tuesday. Stifel Nicolaus dropped their price objective on shares of Aya Gold & Silver from C$33.00 to C$31.50 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, BMO Capital Markets decreased their price objective on shares of Aya Gold & Silver from C$33.00 to C$29.00 in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$24.94.

Aya Gold & Silver Stock Up 1.9%

The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. The company has a market cap of C$3.43 billion, a price-to-earnings ratio of -806.00 and a beta of 1.66. The stock has a fifty day moving average price of C$18.20 and a two-hundred day moving average price of C$15.60.

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.