Aya Gold & Silver (TSE:AYA) Downgraded by Cormark to “Market Perform”

Aya Gold & Silver (TSE:AYA) was downgraded by Cormark from a “speculative buy” rating to a “market perform” rating in a note issued to investors on Friday,BayStreet.CA reports. They presently have a C$14.00 price target on the stock, down from their previous price target of C$20.00. Cormark’s price objective would suggest a potential upside of 7.78% from the stock’s current price.

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

Aya Gold & Silver Stock Up 10.1 %

Aya Gold & Silver stock traded up C$1.19 during trading hours on Friday, reaching C$12.99. The stock had a trading volume of 1,090,838 shares, compared to its average volume of 423,675. The company has a market cap of C$1.69 billion, a price-to-earnings ratio of 144.00 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 business’s 50 day moving average price is C$17.00 and its 200-day moving average price is C$15.35. 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 earnings results on Wednesday, August 14th. The company reported C$0.07 EPS for the quarter, topping 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. Sell-side analysts anticipate that Aya Gold & Silver will post 0.6384455 EPS for the current year.

Aya Gold & Silver Company Profile

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.