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

Shares of Aya Gold & Silver Inc. (TSE:AYA) hit a new 52-week high on Wednesday . The company traded as high as C$30.16 and last traded at C$30.04, with a volume of 478391 shares trading hands. The stock had previously closed at C$29.53.

Wall Street Analyst Weigh In

Several research firms have recently commented on AYA. National Bank Financial reduced their price target on 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. Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, Desjardins set a C$37.00 price target on Aya Gold & Silver and gave the stock a “buy” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, Aya Gold & Silver has an average rating of “Buy” and an average target price of C$27.88.

Aya Gold & Silver Stock Performance

The company has a market cap of C$4.36 billion, a price-to-earnings ratio of 50.68 and a beta of 2.93. The firm has a 50-day simple moving average of C$25.18 and a 200 day simple moving average of C$23.14. The company has a quick ratio of 3.28, a current ratio of 2.22 and a debt-to-equity ratio of 21.87.

Aya Gold & Silver (TSE:AYA) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The company had revenue of C$163.05 million for the quarter. Aya Gold & Silver had a return on equity of 20.80% and a net margin of 30.38%. On average, sell-side analysts predict that Aya Gold & Silver Inc. will post 0.6384455 earnings per share for the current fiscal year.

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.