Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) - Investment analysts at Cormark dropped their FY2017 earnings estimates for shares of Yamana Gold in a report released on Monday. Cormark analyst R. Gray now expects that the company will post earnings of $0.12 per share for the year, down from their previous forecast of $0.23.
Separately, National Bank Financial reduced their price target on shares of Yamana Gold from C$5.75 to C$5.25 and set an “outperform” rating for the company in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$5.35.
Shares of Yamana Gold (YRI) traded up 0.31% during mid-day trading on Wednesday, hitting $3.26. 413,067 shares of the company traded hands. Yamana Gold has a one year low of $2.84 and a one year high of $7.72. The stock’s market capitalization is $3.09 billion. The firm has a 50-day moving average of $3.18 and a 200-day moving average of $3.68.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.02 annualized dividend and a yield of 0.62%.
In related news, insider Sofia Tsakos purchased 25,000 shares of Yamana Gold stock in a transaction that occurred on Friday, May 5th. The stock was bought at an average price of C$3.37 per share, for a total transaction of C$84,250.00.
Yamana Gold Company Profile
Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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