Aya Gold & Silver (TSE:AYA) Price Target Raised to C$56.00

Aya Gold & Silver (TSE:AYA) had its price objective upped by Stifel Nicolaus from C$39.00 to C$56.00 in a report issued on Friday morning,BayStreet reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on the company. Raymond James Financial increased their price target on Aya Gold & Silver from C$32.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Aya Gold & Silver from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a report on Thursday. Desjardins upped their target price on shares of 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. National Bank Financial increased their target price on shares of 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. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Aya Gold & Silver from C$41.50 to C$48.00 and gave the company an “outperformer” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, Aya Gold & Silver currently has an average rating of “Buy” and an average target price of C$44.36.

Aya Gold & Silver Stock Performance

Shares of AYA opened at C$38.76 on Friday. The company has a debt-to-equity ratio of 17.63, a quick ratio of 3.28 and a current ratio of 2.02. The stock has a 50 day moving average price of C$33.63 and a two-hundred day moving average price of C$27.82. The firm has a market capitalization of C$5.58 billion, a P/E ratio of 50.32 and a beta of 3.30. Aya Gold & Silver has a 52 week low of C$11.95 and a 52 week high of C$41.98.

Aya Gold & Silver (TSE:AYA) last posted its earnings results on Thursday, August 13th. The company reported C$0.33 earnings per share 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%. Equities analysts forecast that Aya Gold & Silver will post 0.6384455 earnings per share for the current fiscal year.

Trending Headlines about 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

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.