CIBC Issues Positive Forecast for Aya Gold & Silver (TSE:AYA) Stock Price

Aya Gold & Silver (TSE:AYA) had its target price increased by investment analysts at CIBC from C$25.00 to C$27.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 36.29% from the company’s current price.

A number of other brokerages also recently issued reports on AYA. Cormark boosted their price objective on shares of Aya Gold & Silver from C$12.50 to C$17.50 in a research report on Tuesday, September 16th. Stifel Nicolaus lifted their target price on shares of Aya Gold & Silver from C$22.00 to C$33.00 in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$22.43.

Aya Gold & Silver Trading Down 1.0%

Shares of AYA traded down C$0.20 during mid-day trading on Wednesday, hitting C$19.81. 990,689 shares of the company’s stock traded hands, compared to its average volume of 1,189,575. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. The firm has a market capitalization of C$2.81 billion, a P/E ratio of -660.33 and a beta of 1.37. The business’s 50-day moving average price is C$16.36 and its 200-day moving average price is C$14.59. Aya Gold & Silver has a 1 year low of C$8.52 and a 1 year high of C$21.80.

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.