Aya Gold & Silver (TSE:AYA) Sets New 12-Month High – Time to Buy?

Aya Gold & Silver Inc. (TSE:AYA) reached a new 52-week high on Monday . The stock traded as high as C$30.15 and last traded at C$29.41, with a volume of 1037761 shares changing hands. The stock had previously closed at C$27.03.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AYA. BMO Capital Markets cut their target price on shares of Aya Gold & Silver from C$33.00 to C$29.00 in a research note on Wednesday, January 14th. Desjardins increased their price objective on shares of Aya Gold & Silver from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. CIBC boosted their target price on Aya Gold & Silver from C$27.00 to C$30.00 in a research report on Tuesday, January 13th. Finally, Stifel Nicolaus dropped 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. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$24.94.

Aya Gold & Silver Stock Up 0.9%

The company has a market capitalization of C$3.87 billion, a PE ratio of -909.33 and a beta of 1.66. The stock’s fifty day moving average is C$19.70 and its two-hundred day moving average is C$16.28. The company has a current ratio of 2.06, a quick ratio of 3.28 and a debt-to-equity ratio of 34.69.

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.