BidaskClub upgraded shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) from a hold rating to a buy rating in a report released on Tuesday, July 25th.
A number of other equities analysts have also recently weighed in on AUY. National Bank Financial reissued an outperform market weight rating on shares of Yamana Gold in a research report on Sunday, June 4th. ValuEngine cut shares of Yamana Gold from a hold rating to a sell rating in a research report on Friday, June 2nd. BMO Capital Markets reaffirmed a hold rating and issued a $3.25 price objective on shares of Yamana Gold in a research report on Tuesday, June 20th. Raymond James Financial, Inc. reaffirmed a market perform rating and issued a $3.25 price objective on shares of Yamana Gold in a research report on Thursday, June 15th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $3.75 price objective on shares of Yamana Gold in a research report on Tuesday, June 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Yamana Gold currently has a consensus rating of Hold and a consensus target price of $3.71.
Shares of Yamana Gold (NYSE AUY) traded down 4.67% during trading on Tuesday, reaching $2.45. The company had a trading volume of 9,574,759 shares. The stock’s market capitalization is $2.32 billion. The stock’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.78. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $5.93.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.07. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The business had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. During the same period in the previous year, the business posted $0.01 earnings per share. Yamana Gold’s revenue was down 2.3% compared to the same quarter last year. Equities analysts forecast that Yamana Gold will post $0.01 earnings per share for the current fiscal year.
The business also recently disclosed 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. This represents a $0.02 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, September 28th. Yamana Gold’s dividend payout ratio is -4.44%.
A number of institutional investors have recently made changes to their positions in AUY. World Asset Management Inc boosted its position in shares of Yamana Gold by 2.2% in the first quarter. World Asset Management Inc now owns 59,847 shares of the basic materials company’s stock valued at $165,000 after buying an additional 1,308 shares during the period. Stephens Inc. AR boosted its position in shares of Yamana Gold by 3.0% in the first quarter. Stephens Inc. AR now owns 47,412 shares of the basic materials company’s stock valued at $131,000 after buying an additional 1,381 shares during the period. Capstone Asset Management Co. boosted its position in shares of Yamana Gold by 3.4% in the first quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock valued at $250,000 after buying an additional 2,950 shares during the period. Geode Capital Management LLC boosted its position in shares of Yamana Gold by 1.2% in the first quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock valued at $1,248,000 after buying an additional 5,553 shares during the period. Finally, Comerica Bank boosted its position in shares of Yamana Gold by 10.1% in the fourth quarter. Comerica Bank now owns 113,769 shares of the basic materials company’s stock valued at $361,000 after buying an additional 10,437 shares during the period. Hedge funds and other institutional investors own 41.27% of the company’s stock.
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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