RBC Capital Reiterates Outperform Rating for Yamana Gold (AUY)
Yamana Gold (NYSE:AUY)‘s stock had its “outperform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Monday, Stock Ratings Network reports. They currently have a $13.00 price objective on the stock. RBC Capital’s price objective would suggest a potential upside of 27.20% from the company’s current price.
AUY has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Yamana Gold in a research note to investors on Thursday. They set a “buy” rating on the stock. Separately, analysts at HSBC upgraded shares of Yamana Gold from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, October 21st. They now have a $10.00 price target on the stock, up previously from $9.30. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $14.10.
Shares of Yamana Gold (NYSE:AUY) traded down 0.39% on Monday, hitting $10.22. 5,325,840 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’s 50-day moving average is $10.78 and its 200-day moving average is $11.74. The company has a market cap of $7.695 billion and a price-to-earnings ratio of 23.86.
Yamana Gold (NYSE:AUY) last released its earnings data on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 19.6% on a year-over-year basis. Analysts expect that Yamana Gold will post $0.44 EPS for the current fiscal year.
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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