Aya Gold & Silver (TSE:AYA) Posts Earnings Results

Aya Gold & Silver (TSE:AYA) posted its quarterly earnings results on Thursday. The company reported C$0.46 EPS for the quarter, FiscalAI reports. The firm had revenue of C$163.05 million for the quarter. Aya Gold & Silver had a net margin of 22.54% and a return on equity of 12.50%.

Here are the key takeaways from Aya Gold & Silver’s conference call:

• Aya reported an exceptional Q1 2026 with record revenue of CAD 117 million, operating cash flow of CAD 70 million, and net income of CAD 49 million, despite losing about five days of production to severe weather.
• Zgounder delivered strong operating results, with mining rates rising to 4,600 tons per day and plant throughput holding near high levels; management said the mine is now outpacing the plant and that the worst weather-related disruption is behind them.
• The company maintained its 2026 guidance, including production of 6.2 million to 6.8 million ounces and exploration spending of CAD 60 million, while continuing to target major drilling programs at both Zgounder and Boumadine.
• Boumadine remained a key growth driver, with management highlighting low-capex pyrite reclamation cash flow, improving grade reconciliation, and progress toward an updated PEA by late June/early July and a feasibility study for 2027.
• Aya ended the quarter with a strong balance sheet, including CAD 172 million of unrestricted cash, and said it may use cash sweeps to reduce the remaining EBRD debt over time. The company also said it is studying added crushing capacity and a tailings expansion to support higher throughput.

Aya Gold & Silver Stock Up 0.1%

Aya Gold & Silver stock traded up C$0.04 during midday trading on Thursday, hitting C$29.36. 1,994,020 shares of the company’s stock were exchanged, compared to its average volume of 1,658,237. The company has a debt-to-equity ratio of 27.45, a quick ratio of 3.28 and a current ratio of 1.94. Aya Gold & Silver has a 12 month low of C$10.06 and a 12 month high of C$30.15. The firm has a 50-day moving average of C$22.96 and a two-hundred day moving average of C$21.21. The company has a market cap of C$4.20 billion, a PE ratio of 91.75 and a beta of 2.88.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AYA shares. Canadian Imperial Bank of Commerce upped their price target on shares of Aya Gold & Silver from C$30.00 to C$35.00 in a report on Wednesday, February 4th. National Bank Financial cut their price target on shares of Aya Gold & Silver from C$29.00 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Desjardins set a C$37.00 price target on shares of Aya Gold & Silver and gave the stock a “buy” rating in a report on Thursday, April 23rd. Stifel Nicolaus upped their price target on shares of Aya Gold & Silver from C$31.50 to C$39.00 in a report on Tuesday, February 10th. Finally, Scotiabank upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$27.88.

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.