Aya Gold & Silver Kept at Outperform at BMO Following Q4 Results; Price Target Cut to C$18.00

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Aya Gold & Silver Kept at Outperform at BMO Following Q4 Results; Price Target Cut to C$18.00

, MT Newswires - 1:08 PM ET 3/31/2025 default

01:08 PM EDT, 03/31/2025 (MT Newswires) -- BMO Capital Markets on Monday reiterated its outperform rating on the shares Aya Gold & Silver ( AYASF ) while lowering its price target to C$18.00 from a undisclosed prior level following fourth-quarter results from the company.

"Aya's Q4 EPS was roughly in line with expectations after adjusting for a non-core impairment charge. 2025 guidance of 5.0-5.3Moz aligns with our 5.3Moz forecast, and consensus of 5.2Moz, with grade guidance of 170-200g/t matching expectations. 2025 cash costs of $15.00-$17.50/oz are expected to decline y/y, but are above our $13.65/oz estimate. Aya is adjusting the Zgounder mine plan to capture more open pit production, and will release an updated mine plan this year; in the meantime, we have adjusted our production and cost profile, lowering our target to $18," analyst Kevin O'Halloran wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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