Stifel Nicolaus Raises Aya Gold & Silver (TSE:AYA) Price Target to C$56.00

Aya Gold & Silver (TSE:AYA) had its target price increased by analysts at Stifel Nicolaus from C$39.00 to C$56.00 in a research note issued on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 45.04% from the stock’s previous close.

AYA has been the subject of several other reports. Canadian Imperial Bank of Commerce upped their price objective on shares of Aya Gold & Silver from C$41.50 to C$48.00 and gave the stock an “outperformer” rating in a report on Thursday. National Bank Financial raised their price objective on shares of Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. BMO Capital Markets lifted their price objective on Aya Gold & Silver from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday. Desjardins increased their target price 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. Finally, Raymond James Financial lifted 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. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, Aya Gold & Silver has a consensus rating of “Buy” and a consensus target price of C$44.36.

Aya Gold & Silver Trading Down 1.8%

Shares of AYA traded down C$0.71 during mid-day trading on Friday, hitting C$38.61. 766,171 shares of the company’s stock traded hands, compared to its average volume of 1,464,686. The company has a quick ratio of 3.28, a current ratio of 2.02 and a debt-to-equity ratio of 17.63. The firm has a market capitalization of C$5.56 billion, a P/E ratio of 50.13 and a beta of 3.30. The business’s 50-day moving average price is C$33.44 and its 200-day moving average price is C$27.73. 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 results on Thursday, August 13th. The company reported C$0.33 EPS for the quarter. The company had revenue of C$137.52 million during the quarter. Aya Gold & Silver had a return on equity of 25.26% and a net margin of 32.72%. As a group, sell-side analysts forecast that Aya Gold & Silver will post 0.6384455 EPS for the current fiscal year.

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.