Aya Gold & Silver (TSE:AYA) Stock Price Expected to Rise, CIBC Analyst Says

Aya Gold & Silver (TSE:AYA) had its price objective upped by stock analysts at CIBC from C$30.00 to C$35.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 52.17% from the company’s previous close.

A number of other brokerages have also recently weighed in on AYA. Desjardins lifted their target price on Aya Gold & Silver from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Stifel Nicolaus dropped their target price 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 report on Friday, December 19th. Finally, BMO Capital Markets reduced their price target on shares of Aya Gold & Silver from C$33.00 to C$29.00 in a research report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$25.56.

Aya Gold & Silver Trading Down 1.3%

Aya Gold & Silver stock traded down C$0.30 during trading on Wednesday, reaching C$23.00. The company had a trading volume of 1,152,600 shares, compared to its average volume of 2,305,533. Aya Gold & Silver has a 12-month low of C$8.52 and a 12-month high of C$30.15. The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06. The stock’s 50 day moving average price is C$21.21 and its two-hundred day moving average price is C$16.86. The firm has a market capitalization of C$3.26 billion, a price-to-earnings ratio of -766.67 and a beta of 2.09.

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.