Aya Gold & Silver (TSE:AYA) Stock Price Up 1.4% – Here’s What Happened

Aya Gold & Silver Inc. (TSE:AYA) shot up 1.4% during mid-day trading on Wednesday . The stock traded as high as C$27.24 and last traded at C$27.05. 984,247 shares changed hands during trading, a decline of 39% from the average daily volume of 1,603,100 shares. The stock had previously closed at C$26.67.

Wall Street Analysts Forecast Growth

AYA has been the subject of several recent analyst reports. Desjardins set a C$37.00 target price on shares of Aya Gold & Silver and gave the stock a “buy” rating in a report on Thursday, April 23rd. Scotiabank upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, Aya Gold & Silver has a consensus rating of “Buy” and an average price target of C$30.42.

Aya Gold & Silver Trading Up 1.4%

The company has a quick ratio of 3.28, a current ratio of 2.22 and a debt-to-equity ratio of 21.87. The firm has a market cap of C$3.88 billion, a price-to-earnings ratio of 45.08 and a beta of 3.07. The company has a 50-day moving average price of C$26.32 and a 200 day moving average price of C$24.05.

Aya Gold & Silver (TSE:AYA) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 earnings per share for the quarter. The firm had revenue of C$163.04 million for the quarter. Aya Gold & Silver had a return on equity of 20.80% and a net margin of 30.38%. As a group, research analysts anticipate that Aya Gold & Silver Inc. will post 0.6384455 earnings per share for the current fiscal year.

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.