National Bankshares Forecasts Strong Price Appreciation for Aya Gold & Silver (TSE:AYA) Stock

Aya Gold & Silver (TSE:AYA) had its target price boosted by equities researchers at National Bankshares from C$18.75 to C$19.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 52.24% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Stifel Canada raised shares of Aya Gold & Silver to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus upped their price objective on shares of Aya Gold & Silver from C$22.50 to C$23.00 in a report on Monday, April 21st. CIBC lowered their price objective on shares of Aya Gold & Silver from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Scotiabank cut their target price on Aya Gold & Silver from C$19.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Monday. Finally, Desjardins set a C$20.00 price target on Aya Gold & Silver and gave the stock a “buy” rating in a research note on Thursday, June 19th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$20.56.

Aya Gold & Silver Trading Down 2.5%

Shares of TSE AYA traded down C$0.32 during mid-day trading on Tuesday, reaching C$12.48. 859,328 shares of the company’s stock were exchanged, compared to its average volume of 970,431. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 147.44 and a beta of 1.40. The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06. Aya Gold & Silver has a 52-week low of C$8.52 and a 52-week high of C$19.56. The company’s 50-day moving average is C$11.48 and its 200-day moving average is C$11.57.

Insiders Place Their Bets

In related news, Director John Feliks Burzynski acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, June 19th. The stock was acquired at an average price of C$12.98 per share, for a total transaction of C$64,900.00. Insiders have acquired a total of 20,000 shares of company stock worth $250,500 in the last ninety days. 10.18% of the stock is owned by corporate insiders.

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.