Yamana Gold Coverage Initiated at Goldman Sachs Group Inc. (AUY)
Research analysts at Goldman Sachs Group Inc. began coverage on shares of Yamana Gold (NYSE:AUY) in a report released on Friday, Analyst Ratings.Net reports. The firm set a “buy” rating on the stock.
Yamana Gold (NYSE:AUY) opened at 11.33 on Friday. Yamana Gold has a 52-week low of $8.55 and a 52-week high of $20.59. The stock has a 50-day moving average of $10.82 and a 200-day moving average of $11.62. The company has a market cap of $8.530 billion and a price-to-earnings ratio of 26.35.
Yamana Gold (NYSE:AUY) last released its earnings data on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.04. The company had revenue of $430.50 million for the quarter, compared to the consensus estimate of $486.21 million. During the same quarter last year, the company posted $0.18 earnings per share. Yamana Gold’s revenue was down 19.6% compared to the same quarter last year. Analysts expect that Yamana Gold will post $0.45 EPS for the current fiscal year.
A number of other firms have also recently commented on AUY. Analysts at Barclays Capital cut their price target on shares of Yamana Gold (NYSE:AUY) from $14.00 to $13.00 in a research note to investors on Friday, September 6th. They now have an “overweight” rating on the stock. Separately, analysts at Davy Research upgraded shares of Yamana Gold (NYSE:AUY) from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, August 19th. Finally, analysts at RBC Capital cut their price target on shares of Yamana Gold (NYSE:AUY) from C$14.00 to C$13.00 in a research note to investors on Tuesday, August 6th. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $15.35.
Yamana Gold Inc (NYSE:AUY) is a gold producer engaged in gold and other precious metals mining and related activities, including exploration, extraction, processing and reclamation.
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