Aya Gold & Silver (TSE:AYA) Price Target Raised to C$46.00

Aya Gold & Silver (TSE:AYA) had its target price raised by BMO Capital Markets from C$41.00 to C$46.00 in a research note released on Thursday,BayStreet reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. Desjardins increased their price target on 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. National Bank Financial lifted their price objective on Aya Gold & Silver from C$41.00 to C$43.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Raymond James Financial upped their price objective on shares of Aya Gold & Silver from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Aya Gold & Silver from C$35.00 to C$41.50 in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$44.36.

Aya Gold & Silver Stock Down 1.4%

Shares of TSE:AYA opened at C$38.76 on Thursday. Aya Gold & Silver has a 52-week low of C$11.95 and a 52-week high of C$41.98. The stock has a market cap of C$5.58 billion, a P/E ratio of 50.32 and a beta of 3.30. The business’s 50 day moving average is C$33.63 and its 200 day moving average is C$27.80. The company has a quick ratio of 3.28, a current ratio of 2.02 and a debt-to-equity ratio of 17.63.

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

Key Headlines Impacting Aya Gold & Silver

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

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.