Yamana Gold’s (AUY) Buy Rating Reaffirmed at Royal Bank of Canada

Yamana Gold (NYSE:AUY) (TSE:YRI)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank of Canada in a report released on Wednesday, January 31st. They currently have a $4.00 price objective on the basic materials company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 29.87% from the company’s current price.

Several other analysts also recently issued reports on the company. Credit Suisse Group raised Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 target price on the stock in a research note on Friday, January 26th. Scotiabank set a $4.00 target price on Yamana Gold and gave the company a “hold” rating in a research note on Monday, January 15th. ValuEngine raised Yamana Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. TheStreet raised Yamana Gold from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Finally, BMO Capital Markets restated a “hold” rating and set a $3.00 price target on shares of Yamana Gold in a report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Yamana Gold presently has an average rating of “Hold” and an average target price of $3.61.

Shares of Yamana Gold (NYSE:AUY) traded down $0.05 on Wednesday, reaching $3.08. The company had a trading volume of 14,790,000 shares, compared to its average volume of 14,540,000. The company has a market cap of $2,930.00, a P/E ratio of -8.32 and a beta of 0.77. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $3.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.62.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Afam Capital Inc. boosted its holdings in shares of Yamana Gold by 0.5% in the 2nd quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock worth $1,768,000 after purchasing an additional 3,533 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Yamana Gold by 16.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 6,616 shares during the period. BlueCrest Capital Management Ltd boosted its holdings in shares of Yamana Gold by 5.0% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 325,905 shares of the basic materials company’s stock worth $792,000 after purchasing an additional 15,494 shares during the period. Creative Planning boosted its holdings in shares of Yamana Gold by 171.1% in the 4th quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 23,399 shares during the period. Finally, Bennicas & Associates Inc. boosted its holdings in shares of Yamana Gold by 13.6% in the 3rd quarter. Bennicas & Associates Inc. now owns 200,675 shares of the basic materials company’s stock worth $532,000 after purchasing an additional 23,950 shares during the period. Institutional investors and hedge funds own 40.61% of the company’s stock.

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About Yamana Gold

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.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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