Aya Gold & Silver (TSE:AYA) Price Target Raised to C$48.00

Aya Gold & Silver (TSE:AYA) had its price target boosted by Canadian Imperial Bank of Commerce from C$41.50 to C$48.00 in a research note published on Thursday,BayStreet reports. The firm currently has an outperformer rating on the stock.

Several other equities research analysts have also recently issued reports on AYA. BMO Capital Markets lifted their price objective on Aya Gold & Silver from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James Financial increased their target price on Aya Gold & Silver from C$32.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday. Desjardins raised their target price on Aya Gold & Silver from C$38.00 to C$55.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, National Bank Financial raised their target price on Aya Gold & Silver from C$41.00 to C$43.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$44.36.

Aya Gold & Silver Stock Performance

AYA opened at C$38.76 on Thursday. The firm’s fifty day simple moving average is C$33.63 and its two-hundred day simple moving average is C$27.80. Aya Gold & Silver has a 52-week low of C$11.95 and a 52-week high of C$41.98. The company has a market cap of C$5.58 billion, a price-to-earnings ratio of 50.32 and a beta of 3.30. 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 earnings results 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 business had revenue of C$137.52 million during the quarter. Equities analysts anticipate that Aya Gold & Silver will post 0.6384455 earnings per share for the current fiscal year.

Key Aya Gold & Silver News

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.