--- title: "Aya Gold & Silver (TSX:AYA) Stock After Strong Zgounder Drill Results Is The Valuation Still Attractive" type: "News" locale: "en" url: "https://longbridge.com/en/news/289836377.md" description: "Aya Gold & Silver (TSX:AYA) reported high-grade silver drill results at its Zgounder Mine, driving a 10.49% daily stock gain to CA$28.87. While one narrative suggests the stock is undervalued with a fair value of CA$34.75 due to growth potential, another view highlights a high P/E ratio of 34x, indicating significant optimism is already priced in compared to industry averages." datetime: "2026-06-15T23:10:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289836377.md) - [en](https://longbridge.com/en/news/289836377.md) - [zh-HK](https://longbridge.com/zh-HK/news/289836377.md) --- # Aya Gold & Silver (TSX:AYA) Stock After Strong Zgounder Drill Results Is The Valuation Still Attractive Aya Gold & Silver (TSX:AYA) is back in focus after reporting high grade silver drill results at its Zgounder Silver Mine in Morocco, with multiple at depth intercepts across open pit and central zones. See our latest analysis for Aya Gold & Silver. The recent high grade drill results appear to sit alongside strong momentum in Aya Gold & Silver’s share price, with a 1 day share price return of 10.49% taking the stock to CA$28.87 and contributing to a 48.58% year to date share price return and a 5 year total shareholder return of 282.38%. If strong silver results have your attention, this could be a good moment to see what else is moving in the space and scan 9 top silver producer stocks With Aya Gold & Silver’s share price already up sharply and recent drill results in the spotlight, the key question now is simple: is the stock still undervalued or is the market already pricing in future growth? ## Most Popular Narrative: 16.9% Undervalued On the most followed narrative, Aya Gold & Silver’s fair value of CA$34.75 sits above the last close at CA$28.87, setting up a valuation gap that hinges on how much of the company’s Morocco growth story is already in the price. > _Aya's exploration success at both Zgounder and Boumadine, combined with ongoing property acquisition and aggressive regional drilling programs, is poised to drive significant long-term growth in reserves and production volumes, supporting multi-year revenue and earnings expansion._ _Read the complete narrative._ Want to see what is baked into that upside view? The narrative leans on faster revenue expansion, firmer margins and a future earnings multiple more often associated with market favorites. **Result: Fair Value of CA$34.75 (UNDERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, that upside view still depends on Aya managing ore grade and cost risks in Morocco, and on silver prices not moving against a highly concentrated asset base. Find out about the key risks to this Aya Gold & Silver narrative. ## Another View: Rich Multiples Raise the Bar The most popular narrative points to a 16.9% upside to fair value at CA$34.75, but the current P/E of 34x tells a tougher story. That multiple sits well above the Canadian metals and mining average of 14.4x and a fair ratio of 13.7x, which means a lot of optimism is already priced in. If sentiment cools, the gap to that lower fair ratio could matter more than the upside case. The key question is which yardstick investors choose to rely on. See what the numbers say about this price — find out in our valuation breakdown. TSX:AYA P/E Ratio as at Jun 2026 ## Next Steps With both optimism and caution running through this story, this is a good moment to move quickly, review the numbers yourself and weigh up the trade off between risk and potential reward by checking the 3 key rewards and 1 important warning sign ## Looking for more investment ideas? If this story has you thinking harder about your next move, do not stop with one stock when there are other opportunities worth putting on your radar. - Hunt for quality at a discount by scanning 8 high quality undervalued stocks that pair solid fundamentals with room for potential upside. - Prioritise peace of mind and check out 11 resilient stocks with low risk scores that aim to keep portfolio swings in check. - Get ahead of the crowd by reviewing the screener containing 8 high quality undiscovered gems before other investors start paying attention. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** Manage All Your Stock Portfolios in One Place We've created the **ultimate portfolio companion** for stock investors, **and it's free.** • Connect an unlimited number of Portfolios and see your total in one currency • Be alerted to new Warning Signs or Risks via email or mobile • Track the Fair Value of your stocks Try a Demo Portfolio for Free ### Related Stocks - [AYA.US](https://longbridge.com/en/quote/AYA.US.md) ## Related News & Research - [Canada's Aya Gold & Silver Q2 revenue jumps on higher prices and sales volumes](https://longbridge.com/en/news/295841388.md) - [CANADA RESEARCH ROUNDUP- Bird Construction, Magellan Aerospace Corporation, Terravest Industries](https://longbridge.com/en/news/295896341.md) - [Metal Energy plans 2,000-meter drill program at Highland Valley Copper project in British Columbia](https://longbridge.com/en/news/295646533.md) - [Greenland Mines (NASDAQ: GRML) Completes Skaergaard Bathymetric Survey, Advances 2026 Drill Program](https://longbridge.com/en/news/296129505.md) - [Maverick Gold and Silver Receives Confirmation of New Claims - Increasing the Size of the Silver Vista Property, British Columbia | VRCFF Stock News](https://longbridge.com/en/news/295771671.md)