Aya Gold & Silver (TSE:AYA) Issues Earnings Results

Aya Gold & Silver (TSE:AYA) issued its quarterly earnings data on Thursday. The company reported C$0.46 earnings per share (EPS) for the quarter, FiscalAI reports. Aya Gold & Silver had a return on equity of 12.50% and a net margin of 22.54%.The firm had revenue of C$163.05 million during the quarter.

Here are the key takeaways from Aya Gold & Silver’s conference call:

• Aya reported an exceptional Q1 2026 with record revenue of CAD 117 million, operating cash flow of CAD 70 million, and net income of CAD 49 million, despite losing about five days of production to severe weather.
• Zgounder delivered strong operating results, with mining rates rising to 4,600 tons per day and plant throughput holding near high levels; management said the mine is now outpacing the plant and that the worst weather-related disruption is behind them.
• The company maintained its 2026 guidance, including production of 6.2 million to 6.8 million ounces and exploration spending of CAD 60 million, while continuing to target major drilling programs at both Zgounder and Boumadine.
• Boumadine remained a key growth driver, with management highlighting low-capex pyrite reclamation cash flow, improving grade reconciliation, and progress toward an updated PEA by late June/early July and a feasibility study for 2027.
• Aya ended the quarter with a strong balance sheet, including CAD 172 million of unrestricted cash, and said it may use cash sweeps to reduce the remaining EBRD debt over time. The company also said it is studying added crushing capacity and a tailings expansion to support higher throughput.

Aya Gold & Silver Stock Performance

Shares of AYA traded down C$2.89 during midday trading on Friday, reaching C$26.47. The stock had a trading volume of 1,875,231 shares, compared to its average volume of 1,660,545. The company has a current ratio of 1.94, a quick ratio of 3.28 and a debt-to-equity ratio of 27.45. The firm has a 50 day simple moving average of C$23.03 and a 200-day simple moving average of C$21.35. The firm has a market cap of C$3.78 billion, a PE ratio of 82.72 and a beta of 2.88. Aya Gold & Silver has a one year low of C$10.06 and a one year high of C$30.15.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Aya Gold & Silver from C$31.50 to C$39.00 in a research note on Tuesday, February 10th. National Bank Financial decreased their price objective on shares of Aya Gold & Silver from C$29.00 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Canadian Imperial Bank of Commerce lifted their target price on Aya Gold & Silver from C$30.00 to C$35.00 in a report on Wednesday, February 4th. Desjardins set a C$37.00 price target on shares of Aya Gold & Silver and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Scotiabank upgraded Aya Gold & Silver to a “strong-buy” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$27.88.

About Aya Gold & Silver

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.