Canadian Imperial Bank of Commerce Increases Aya Gold & Silver (TSE:AYA) Price Target to C$48.00

Aya Gold & Silver (TSE:AYA) had its price target upped by Canadian Imperial Bank of Commerce from C$41.50 to C$48.00 in a note issued to investors on Thursday, BayStreet reports. The firm presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price would indicate a potential upside of 23.27% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Desjardins boosted their price objective on shares of Aya Gold & Silver from C$38.00 to C$55.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. BMO Capital Markets boosted their target price on Aya Gold & Silver from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday. National Bank Financial upped their price target on Aya Gold & Silver from C$41.00 to C$43.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Finally, Raymond James Financial boosted their price objective on Aya Gold & Silver from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, Aya Gold & Silver presently has an average rating of “Buy” and an average price target of C$41.93.

Aya Gold & Silver Price Performance

Shares of Aya Gold & Silver stock traded down C$2.33 during trading on Thursday, reaching C$38.94. The company’s stock had a trading volume of 520,691 shares, compared to its average volume of 1,464,521. The stock has a 50-day moving average price of C$33.21 and a two-hundred day moving average price of C$27.62. The company has a current ratio of 2.02, a quick ratio of 3.28 and a debt-to-equity ratio of 17.63. Aya Gold & Silver has a one year low of C$11.95 and a one year high of C$41.98. The stock has a market capitalization of C$5.61 billion, a P/E ratio of 50.55 and a beta of 3.30.

Aya Gold & Silver (TSE:AYA) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.33 earnings per share (EPS) for the quarter. Aya Gold & Silver had a net margin of 32.72% and a return on equity of 25.26%. The business had revenue of C$137.52 million for the quarter. As a group, sell-side analysts anticipate that Aya Gold & Silver will post 0.6384455 EPS for the current fiscal year.

About Aya Gold & Silver

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Company has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas fault – one of Africa’s most geologically rich, underexplored and mining-friendly regions. Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility.