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 report released on Friday,BayStreet.CA reports. They currently have a C$14.00 target price on the stock, down from their previous target price of C$20.00. Cormark’s price objective indicates a potential upside of 7.78% from the company’s current price.

Other analysts also recently issued reports about the company. Stifel Nicolaus lifted their price target on Aya Gold & Silver from C$18.50 to C$23.00 in a research note on Monday, October 21st. Desjardins upgraded 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. Finally, National Bankshares decreased their target price on Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.50.

Aya Gold & Silver Price Performance

Shares of Aya Gold & Silver stock traded up C$1.19 during trading on Friday, reaching C$12.99. The company’s stock had a trading volume of 1,090,838 shares, compared to its average volume of 423,675. The company has a quick ratio of 3.28, a current ratio of 2.66 and a debt-to-equity ratio of 36.42. Aya Gold & Silver has a 12-month low of C$8.33 and a 12-month high of C$19.56. The company has a market capitalization of C$1.69 billion, a P/E ratio of 144.00 and a beta of 1.40. The business has a 50 day moving average price of C$17.00 and a 200-day moving average price of C$15.35.

Aya Gold & Silver (TSE:AYA) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.06. Aya Gold & Silver had a return on equity of 3.70% and a net margin of 22.31%. The firm had revenue of C$18.72 million for the quarter. As a group, sell-side analysts anticipate that Aya Gold & Silver will post 0.6384455 EPS for the current year.

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.