The Globe and Mail reports in its Friday, July 21, edition that National Bank Financial analyst Don DeMarco rates Aya Gold & Silver "outperform," with a $13.75 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $14.
Mr. DeMarco says in a note, "Top pick, supported by NAV expansion from production growth at the Zgounder mine, in-mine and regional resource accretion, pipeline prospects including Boumadine, discounted valuation vs silver producers and the only pure-play silver producer on the TSX." The Globe reported on Dec. 20 that Eight Capital analyst Puneet Singh rated Aya Gold "buy," with a $17 share target in new coverage. The shares could then be had for $8.79. The Globe reported on June 1 that Mr. Singh was sticking with his "buy" call and $17 share target. Aya Gold shares could then be had for $9.47.
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