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

Aya Gold & Silver (TSE:AYA) was downgraded by stock analysts at Cormark from a “speculative buy” rating to a “market perform” rating in a research note issued on Friday, Marketbeat.com reports. They currently have a C$14.00 price target on the stock, down from their prior price target of C$20.00. Cormark’s target price would suggest a potential upside of 10.06% from the company’s previous close. Cormark also issued estimates for Aya Gold & Silver’s FY2024 earnings at $0.00 EPS.

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

Aya Gold & Silver Stock Performance

Shares of Aya Gold & Silver stock opened at C$12.72 on Friday. The business’s fifty day simple moving average is C$16.98 and its 200-day simple moving average is C$15.35. The company has a quick ratio of 3.28, a current ratio of 2.66 and a debt-to-equity ratio of 36.42. The firm has a market cap of C$1.66 billion, a PE 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 announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.07 earnings per share 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 business had revenue of C$18.72 million during the quarter. Equities analysts forecast 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.