TSX:AYAMetals and Mining
Aya Gold & Silver (TSX:AYA) Stock Rallies On Profit Growth But Valuation Gap Widens
Aya Gold & Silver stock closed at CA$35.95 on Friday, down about 5% over the past week, even as the latest quarter put hard numbers behind its recent rerating. The market is reacting to a rich P/E of 33.1x and a discounted cash flow reference closer to CA$3 per share, which points to real valuation risk in the near term.
The headline from this earnings season is simple. Aya Gold & Silver is firmly profitable with Q2 net income of US$34.6m on revenue of US$96.8m, yet longer term forecasts in...