Aya Gold & Silver (TSE:AYA) Hits New 12-Month High – Here’s What Happened

Aya Gold & Silver Inc. (TSE:AYA)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$25.32 and last traded at C$25.26, with a volume of 1777561 shares changing hands. The stock had previously closed at C$23.21.

Analyst Upgrades and Downgrades

AYA has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on Aya Gold & Silver from C$33.00 to C$31.50 and set a “buy” rating on the stock in a research note on Friday, December 19th. Desjardins lifted their price objective on Aya Gold & Silver from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. BMO Capital Markets decreased their target price on Aya Gold & Silver from C$33.00 to C$29.00 in a research report on Wednesday, January 14th. Finally, CIBC upped their target price on Aya Gold & Silver from C$27.00 to C$30.00 in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$24.94.

Aya Gold & Silver Trading Up 7.3%

The business has a fifty day simple moving average of C$18.90 and a 200 day simple moving average of C$15.91. The stock has a market cap of C$3.53 billion, a price-to-earnings ratio of -830.33 and a beta of 1.66. The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06.

Aya Gold & Silver Company Profile

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.