Stifel Nicolaus Issues Pessimistic Forecast for Aya Gold & Silver (TSE:AYA) Stock Price

Aya Gold & Silver (TSE:AYA) had its price objective decreased by Stifel Nicolaus from C$23.00 to C$22.25 in a research report issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 71.02% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. National Bankshares reduced 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 report on Wednesday, October 23rd. CIBC set a C$24.00 price objective on Aya Gold & Silver and gave the company an “outperform” rating in a research note on Friday. Desjardins raised Aya Gold & Silver to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Cormark cut Aya Gold & Silver from a “speculative buy” rating to a “market perform” rating and dropped their price objective for the company from C$20.00 to C$14.00 in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.72.

Aya Gold & Silver Price Performance

Shares of TSE AYA traded down C$0.40 during midday trading on Monday, hitting C$13.01. The stock had a trading volume of 623,432 shares, compared to its average volume of 445,519. The company has a market capitalization of C$1.70 billion, a PE ratio of 144.44 and a beta of 1.40. The stock has a 50 day simple moving average of C$16.91 and a 200-day simple moving average of C$15.34. Aya Gold & Silver has a 1 year low of C$9.06 and a 1 year 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.