Desjardins Issues Pessimistic Forecast for TSE:AYA Earnings

Aya Gold & Silver Inc. (TSE:AYA) – Investment analysts at Desjardins lowered their FY2024 earnings per share estimates for shares of Aya Gold & Silver in a research report issued to clients and investors on Thursday, November 14th. Desjardins analyst A. Carson now expects that the company will post earnings of $0.06 per share for the year, down from their prior forecast of $0.14. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Aya Gold & Silver’s current full-year earnings is $0.64 per share. Desjardins also issued estimates for Aya Gold & Silver’s FY2025 earnings at $0.60 EPS and FY2026 earnings at $0.67 EPS.

A number of other analysts have also commented on AYA. National Bankshares reduced their price objective on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Cormark downgraded shares of Aya Gold & Silver from a “speculative buy” rating to a “market perform” rating and reduced their price target for the company from C$20.00 to C$14.00 in a research report on Friday, November 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Aya Gold & Silver from C$18.50 to C$23.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$21.50.

Aya Gold & Silver Trading Up 4.9 %

Shares of TSE AYA opened at C$13.80 on Monday. The business has a fifty day simple moving average of C$17.00 and a 200-day simple moving average of C$15.35. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of 153.33 and a beta of 1.40. Aya Gold & Silver has a 12 month low of C$8.33 and a 12 month high of C$19.56. The company has a quick ratio of 3.28, a current ratio of 2.66 and a debt-to-equity ratio of 36.42.

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.