Aya Gold & Silver (TSE:AYA) Cut to “Market Perform” at Cormark

Cormark downgraded shares of Aya Gold & Silver (TSE:AYA) from a speculative buy rating to a market perform rating in a report published on Friday morning, Marketbeat reports. They currently have C$14.00 target price on the stock, down from their prior target price of C$20.00. Cormark also issued estimates for Aya Gold & Silver’s FY2024 earnings at $0.00 EPS.

AYA has been the subject of several other research reports. National Bankshares decreased their price target on Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Stifel Nicolaus raised their price target on shares of Aya Gold & Silver from C$18.50 to C$23.00 in a research report on Monday, October 21st. BMO Capital Markets set a C$21.50 price target on shares of Aya Gold & Silver and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$21.50.

Aya Gold & Silver Price Performance

Shares of TSE AYA opened at C$12.72 on Friday. The stock has a market cap of C$1.66 billion, a price-to-earnings ratio of 141.33 and a beta of 1.40. The company has a debt-to-equity ratio of 36.42, a quick ratio of 3.28 and a current ratio of 2.66. Aya Gold & Silver has a fifty-two week low of C$8.33 and a fifty-two week high of C$19.56. The firm’s 50-day simple moving average is C$16.98 and its 200 day simple moving average is C$15.35.

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.