Aya Gold & Silver (TSE:AYA) Price Target Raised to C$45.00

Aya Gold & Silver (TSE:AYA) had its price objective raised by Raymond James Financial from C$32.00 to C$45.00 in a research note released on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on AYA. National Bank Financial increased their price target on Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. BMO Capital Markets boosted their price objective on Aya Gold & Silver from C$36.00 to C$41.00 in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce boosted their price objective on Aya Gold & Silver from C$35.00 to C$41.50 in a research report on Friday, August 14th. Finally, Desjardins upped their price objective on Aya Gold & Silver from C$38.00 to C$55.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, Aya Gold & Silver currently has an average rating of “Buy” and a consensus target price of C$44.36.

Aya Gold & Silver Stock Performance

AYA opened at C$38.76 on Thursday. The company has a 50 day simple moving average of C$33.63 and a two-hundred day simple moving average of C$27.80. The company has a debt-to-equity ratio of 17.63, a current ratio of 2.02 and a quick ratio of 3.28. The firm has a market cap of C$5.58 billion, a P/E ratio of 50.32 and a beta of 3.30. Aya Gold & Silver has a 1-year low of C$11.95 and a 1-year high of C$41.98.

Aya Gold & Silver (TSE:AYA) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.33 EPS for the quarter. Aya Gold & Silver had a net margin of 32.72% and a return on equity of 25.26%. The firm had revenue of C$137.52 million for the quarter. Equities analysts forecast that Aya Gold & Silver will post 0.6384455 earnings per share for the current fiscal year.

Aya Gold & Silver News Roundup

Here are the key news stories impacting Aya Gold & Silver this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to C$56 from C$39 and initiated a “buy” rating. The new target implies approximately 45.6% upside from the reference price, making Stifel the most bullish of the recent analysts. Tickerreport article
• Positive Sentiment: Three other firms also increased their targets: CIBC raised its target to C$48 from C$41.50 and assigned an “outperformer” rating; BMO lifted its target to C$46 from C$41 and reiterated “outperform”; and Raymond James raised its target to C$45 from C$32, also with an “outperform” rating. The broad-based revisions suggest analysts see additional value in Aya’s production outlook, assets and exposure to precious-metals prices.
• Positive Sentiment: Aya reportedly doubled its valuation estimate for the Boumadine project to US$3.5 billion. A substantially higher project value could improve the perceived worth of Aya’s development pipeline and strengthen the company’s longer-term growth story. Aya doubles Boumadine value to $3.5B

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.