Aya Gold & Silver (TSE:AYA) Sets New 12-Month High – Time to Buy?

Aya Gold & Silver Inc. (TSE:AYA)’s share price hit a new 52-week high on Monday . The stock traded as high as C$30.15 and last traded at C$29.41, with a volume of 1037761 shares changing hands. The stock had previously closed at C$27.03.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Desjardins raised their price objective on Aya Gold & Silver from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Stifel Nicolaus reduced their target price on Aya Gold & Silver from C$33.00 to C$31.50 and set a “buy” rating for the company in a research note on Friday, December 19th. BMO Capital Markets decreased their price target on shares of Aya Gold & Silver from C$33.00 to C$29.00 in a research report on Wednesday, January 14th. Finally, CIBC upped their price target on shares of Aya Gold & Silver from C$27.00 to C$30.00 in a report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$24.94.

Aya Gold & Silver Stock Up 6.6%

The stock’s fifty day simple moving average is C$20.49 and its two-hundred day simple moving average is C$16.56. The company has a debt-to-equity ratio of 34.69, a current ratio of 2.06 and a quick ratio of 3.28. The company has a market capitalization of C$3.97 billion, a price-to-earnings ratio of -932.67 and a beta of 1.66.

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.