Aya Gold & Silver (TSE:AYA) Rating Lowered to Market Perform at Cormark

Cormark cut shares of Aya Gold & Silver (TSE:AYA) from a speculative buy rating to a market perform rating in a research report released on Friday morning, Marketbeat Ratings reports. The brokerage currently has C$14.00 price target on the stock, down from their prior price target of C$20.00. Cormark also issued estimates for Aya Gold & Silver’s FY2024 earnings at $0.00 EPS.

Several other brokerages also recently issued reports on AYA. Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of Aya Gold & Silver from C$18.50 to C$23.00 in a research note on Monday, October 21st. BMO Capital Markets set a C$21.50 target price on shares of Aya Gold & Silver and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, National Bankshares cut their target price on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Aya Gold & Silver has an average rating of “Moderate Buy” and a consensus price target of C$21.50.

Aya Gold & Silver Stock Up 7.8 %

Shares of TSE AYA traded up C$0.92 during mid-day trading on Friday, reaching C$12.72. The company had a trading volume of 1,942,600 shares, compared to its average volume of 427,512. The company has a current ratio of 2.66, a quick ratio of 3.28 and a debt-to-equity ratio of 36.42. The firm has a 50 day simple moving average of C$16.98 and a two-hundred day simple moving average of C$15.35. The stock has a market cap of C$1.66 billion, a P/E ratio of 141.33 and a beta of 1.40. Aya Gold & Silver has a 52-week low of C$8.33 and a 52-week high of C$19.56.

Aya Gold & Silver (TSE:AYA) last posted its earnings results on Wednesday, August 14th. The company reported C$0.07 EPS for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.06. Aya Gold & Silver had a net margin of 22.31% and a return on equity of 3.70%. The firm had revenue of C$18.72 million for the quarter. Sell-side analysts predict that Aya Gold & Silver will post 0.6384455 earnings per share for the current year.

About Aya Gold & Silver

Aya Gold & Silver Inc, together with its subsidiaries, engages in the exploration, evaluation, and development of precious metals projects in Morocco. The company primarily explores for gold and silver deposits. Its flagship project is the Zgounder property located approximately 265 kms east of Agadir in the Proterozoic Siroua Massif of the Anti-Atlas Range, Morocco.