Aya Gold & Silver (TSE:AYA) Stock Price Expected to Rise, CIBC Analyst Says

Aya Gold & Silver (TSE:AYA) had its target price hoisted by research analysts at CIBC from C$30.00 to C$35.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 67.06% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Aya Gold & Silver from C$33.00 to C$31.50 and set a “buy” rating on the stock in a report on Friday, December 19th. BMO Capital Markets lowered their price objective on shares of Aya Gold & Silver from C$33.00 to C$29.00 in a research report on Wednesday, January 14th. Finally, Desjardins raised their target price on shares of 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. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$25.56.

Aya Gold & Silver Stock Performance

AYA stock opened at C$20.95 on Wednesday. The stock’s 50 day simple moving average is C$21.42 and its 200 day simple moving average is C$16.93. Aya Gold & Silver has a 12-month low of C$8.52 and a 12-month high of C$30.15. The firm has a market cap of C$2.97 billion, a P/E ratio of -698.33 and a beta of 2.09. The company has a current ratio of 2.06, a quick ratio of 3.28 and a debt-to-equity ratio of 34.69.

About Aya Gold & Silver

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.