Aya Gold & Silver (TSE:AYA) Cut to Market Perform at Cormark

Cormark cut shares of Aya Gold & Silver (TSE:AYA) from a speculative buy rating to a market perform rating in a research report released on Friday morning, Marketbeat Ratings reports. Cormark currently has C$14.00 price target on the stock, down from their previous price target of C$20.00. Cormark also issued estimates for Aya Gold & Silver’s FY2024 earnings at $0.00 EPS.

Other research analysts have also issued research reports about the stock. Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Thursday, October 31st. BMO Capital Markets set a C$21.50 target price on Aya Gold & Silver and gave the stock an “outperform” rating in a research report on Monday, July 22nd. National Bankshares decreased 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. Finally, Stifel Nicolaus increased their price objective on Aya Gold & Silver from C$18.50 to C$23.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Aya Gold & Silver has an average rating of “Moderate Buy” and an average target price of C$21.50.

Aya Gold & Silver Trading Up 3.5 %

Shares of Aya Gold & Silver stock opened at C$13.16 on Friday. The company’s fifty day moving average price is C$16.98 and its two-hundred day moving average price is C$15.34. The firm has a market capitalization of C$1.72 billion, a PE ratio of 146.22 and a beta of 1.40. Aya Gold & Silver has a 52-week low of C$8.33 and a 52-week high of C$19.56. The company has a debt-to-equity ratio of 36.42, a current ratio of 2.66 and a quick ratio of 3.28.

About Aya Gold & Silver

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.