Aya Gold & Silver (TSE:AYA) Trading 7.5% Higher – Here’s What Happened

Shares of Aya Gold & Silver Inc. (TSE:AYA) traded up 7.5% during mid-day trading on Friday . The company traded as high as C$26.42 and last traded at C$26.13. 1,060,379 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 1,599,594 shares. The stock had previously closed at C$24.31.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Desjardins set a C$37.00 price objective on Aya Gold & Silver and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, National Bank Financial lowered their price objective on Aya Gold & Silver from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, Aya Gold & Silver has an average rating of “Buy” and a consensus price target of C$27.88.

Aya Gold & Silver Stock Up 7.5%

The company has a market capitalization of C$3.75 billion, a PE ratio of 43.55 and a beta of 2.93. The company has a quick ratio of 3.28, a current ratio of 2.22 and a debt-to-equity ratio of 21.87. The firm has a 50-day moving average of C$24.90 and a two-hundred day moving average of C$22.89.

Aya Gold & Silver (TSE:AYA) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$163.05 million during the quarter. Aya Gold & Silver had a return on equity of 20.80% and a net margin of 30.38%. Equities research 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.