Aya Gold & Silver (TSE:AYA) Reaches New 52-Week High – Here’s What Happened

Aya Gold & Silver Inc. (TSE:AYA)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$41.11 and last traded at C$40.97, with a volume of 582069 shares trading hands. The stock had previously closed at C$38.47.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Canadian Imperial Bank of Commerce lifted their price target on shares of Aya Gold & Silver from C$35.00 to C$41.50 in a research report on Friday, August 14th. National Bank Financial increased their price objective on Aya Gold & Silver from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Desjardins set a C$38.00 target price on Aya Gold & Silver and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, BMO Capital Markets lifted their target price on Aya Gold & Silver from C$36.00 to C$41.00 in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$36.67.

Aya Gold & Silver Trading Up 4.3%

The company has a market cap of C$5.78 billion, a PE ratio of 52.10 and a beta of 3.09. The company’s 50 day simple moving average is C$30.65 and its two-hundred day simple moving average is C$26.47. The company has a debt-to-equity ratio of 17.63, a current ratio of 2.02 and a quick ratio of 3.28.

Aya Gold & Silver (TSE:AYA) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.33 earnings per share (EPS) for the quarter. Aya Gold & Silver had a net margin of 32.72% and a return on equity of 25.26%. The business had revenue of C$137.52 million for the quarter. As a group, sell-side analysts anticipate that Aya Gold & Silver Inc. will post 0.6384455 EPS for the current fiscal year.

About Aya Gold & Silver

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Company has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas fault – one of Africa’s most geologically rich, underexplored and mining-friendly regions. Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility.