Cormark Forecasts Reduced Earnings for Aya Gold & Silver

Aya Gold & Silver Inc. (TSE:AYA) – Investment analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for Aya Gold & Silver in a note issued to investors on Friday, November 15th. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.00 for the year, down from their prior estimate of $0.04. Cormark currently has a “Market Perform” rating and a $14.00 target price on the stock. The consensus estimate for Aya Gold & Silver’s current full-year earnings is $0.64 per share.

AYA has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on Aya Gold & Silver from C$18.50 to C$23.00 in a research note on Monday, October 21st. National Bankshares cut their price objective on Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets set a C$21.50 price objective on Aya Gold & Silver and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Desjardins raised Aya Gold & Silver to a “moderate buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Aya Gold & Silver has a consensus rating of “Moderate Buy” and an average price target of C$21.50.

Aya Gold & Silver Price Performance

Aya Gold & Silver stock opened at C$13.16 on Monday. The stock’s 50 day moving average is C$16.98 and its 200 day moving average is C$15.34. The company has a debt-to-equity ratio of 36.42, a current ratio of 2.66 and a quick ratio of 3.28. The firm has a market cap of C$1.72 billion, a P/E ratio of 146.22 and a beta of 1.40. Aya Gold & Silver has a one year low of C$8.33 and a one year high of C$19.56.

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.