Yamana Gold Now Covered by Analysts at Canaccord Genuity (AUY)
Canaccord Genuity started coverage on shares of Yamana Gold (NYSE:AUY) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Yamana Gold (NYSE:AUY) traded up 3.65% during mid-day trading on Thursday, hitting $10.23. 4,184,466 shares of the company’s stock traded hands. Yamana Gold has a one year low of $8.55 and a one year high of $20.59. The stock has a 50-day moving average of $10.78 and a 200-day moving average of $11.74. The company has a market cap of $7.702 billion and a P/E ratio of 22.95.
Yamana Gold (NYSE:AUY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 19.6% on a year-over-year basis. On average, analysts predict that Yamana Gold will post $0.44 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on AUY. Analysts at HSBC upgraded shares of Yamana Gold from an “underweight” rating to a “neutral” rating in a research note to investors on Monday. They now have a $10.00 price target on the stock, up previously from $9.30. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Yamana Gold in a research note to investors on Friday, September 20th. They set a “buy” rating and a $13.50 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Yamana Gold 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $14.10.
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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