AY2024 EPS Forecast for Aya Gold & Silver Adjusted Downward by Analysts

Aya Gold & Silver Inc. (TSE:AYA – Free Report) has recently seen a downward adjustment in its earnings per share (EPS) estimates for the fiscal year 2024. This adjustment was made by analysts at Raymond James, who published their report on January 6th, 2025.

In the new forecast, analyst C. Stanley projects that Aya Gold & Silver will achieve earnings of just $0.04 per share for the year, a reduction from the previous estimate of $0.08. The consensus estimate from analysts for the company’s full-year earnings currently stands at $0.64 per share. Raymond James also anticipated that Aya Gold & Silver would realize zero earnings for the fourth quarter of 2024.

Other financial analysts have also weighed in on Aya Gold & Silver. For instance, Stifel Nicolaus revised their target price for the company's shares, decreasing it from C$23.00 to C$22.25 in a report dated November 25th. Additionally, Desjardins raised their rating for Aya Gold & Silver to a 'moderate buy' in a note released on October 31st. CIBC has assigned a target price of C$24.00 along with an 'outperform' rating as announced on November 22nd. On the same day, Cibc World Markets upgraded Aya Gold & Silver to a 'strong buy' rating. Conversely, Cormark downgraded the stock from a 'speculative buy' to a 'market perform' rating, lowering their price target from C$20.00 to C$14.00 in a report on November 15th.

Currently, one research analyst has rated the stock as a hold, four have a buy rating, and one has given a strong buy rating. According to data from MarketBeat.com, Aya Gold & Silver enjoys a consensus rating of 'Buy' with a target price averaging C$21.50.

Stock Performance of Aya Gold & Silver

As of midweek, shares of Aya Gold & Silver were trading at C$11.62. Over the past fifty days, the stock has seen a moving average price of C$13.03, while its two-hundred day moving average sits at C$14.79. The company is characterized by a debt-to-equity ratio of 36.42, a quick ratio of 3.28, and a current ratio of 2.66. Its market capitalization stands at C$1.52 billion, with a P/E ratio of 129.11, and a beta of 1.40. The stock hit a one-year low of C$9.40 and a high of C$19.56.

Insider Transactions

On the insider trading front, Director Benoit La Salle sold 64,244 shares of the company’s stock on January 2nd, at an average price of C$11.27, totaling approximately C$724,145.52. Another insider, Senior Officer Ugo Landry-Tolszczuk, sold 38,591 shares on the same day at an average price of C$11.29, amounting to around C$435,761.85. Notably, insiders currently hold 10.18% of Aya Gold & Silver’s total stocks.

About Aya Gold & Silver

Aya Gold & Silver Inc., along with its subsidiaries, is involved in exploring, evaluating, and developing precious metals projects primarily located in Morocco. The company focuses on discovering gold and silver deposits, with its flagship project being the Zgounder property, situated approximately 265 kilometers east of Agadir in the Proterozoic Siroua Massif of the Anti-Atlas Range, Morocco.

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