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

Cormark cut shares of Aya Gold & Silver (TSE:AYA) from a speculative buy rating to a market perform rating in a research report report published on Friday morning, MarketBeat reports. They currently have C$14.00 price objective on the stock, down from their previous price objective of C$20.00. Cormark also issued estimates for Aya Gold & Silver’s FY2024 earnings at $0.00 EPS.

Several other analysts have also recently weighed in on AYA. Stifel Nicolaus increased their price target on shares of Aya Gold & Silver from C$18.50 to C$23.00 in a research note on Monday, October 21st. National Bankshares dropped their price target 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 note on Wednesday, October 23rd. Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets set a C$21.50 price target on shares of Aya Gold & Silver and gave the company an “outperform” rating in a research note on Monday, July 22nd. One equities research 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 currently has an average rating of “Moderate Buy” and a consensus price target of C$21.50.

Aya Gold & Silver Price Performance

TSE AYA traded up C$0.92 during trading hours on Friday, hitting C$12.72. 1,942,600 shares of the company’s stock traded hands, compared to its average volume of 427,512. Aya Gold & Silver has a 52-week low of C$8.33 and a 52-week high of C$19.56. The company has a market capitalization of C$1.66 billion, a PE ratio of 141.33 and a beta of 1.40. The company has a debt-to-equity ratio of 36.42, a current ratio of 2.66 and a quick ratio of 3.28. The firm’s 50-day moving average is C$16.98 and its 200-day moving average is C$15.35.

Aya Gold & Silver (TSE:AYA) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of C$18.72 million during the quarter. Equities analysts forecast that Aya Gold & Silver will post 0.6384455 EPS for the current fiscal 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.