BMO Capital Markets Lowers Aya Gold & Silver (TSE:AYA) Price Target to C$29.00

Aya Gold & Silver (TSE:AYA) had its price objective dropped by investment analysts at BMO Capital Markets from C$33.00 to C$29.00 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 26.91% from the company’s current price.

A number of other brokerages have also recently commented on AYA. Stifel Nicolaus reduced their target price on shares of Aya Gold & Silver from C$33.00 to C$31.50 and set a “buy” rating for the company in a report on Friday, December 19th. Cormark upped their price target on Aya Gold & Silver from C$12.50 to C$17.50 in a research note on Tuesday, September 16th. Desjardins lifted their target price on Aya Gold & Silver from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Finally, CIBC increased their price objective on shares of Aya Gold & Silver from C$27.00 to C$30.00 in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$24.94.

Aya Gold & Silver Trading Down 5.5%

TSE AYA opened at C$22.85 on Wednesday. The stock has a market cap of C$3.24 billion, a P/E ratio of -761.67 and a beta of 1.66. Aya Gold & Silver has a 12 month low of C$8.52 and a 12 month high of C$25.24. The company has a current ratio of 2.06, a quick ratio of 3.28 and a debt-to-equity ratio of 34.69. The stock’s fifty day moving average price is C$18.58 and its 200-day moving average price is C$15.71.

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.