CIBC Lowers Yamana Gold Price Target to $12.00 (AUY)
Equities research analysts at CIBC cut their price target on shares of Yamana Gold (NYSE:AUY) to $12.00 in a research note issued to investors on Thursday, AnalystRatings.NET reports. The firm currently has a “sector outperform” rating on the stock. CIBC’s price target indicates a potential upside of 20.85% from the stock’s previous close.
Shares of Yamana Gold (NYSE:AUY) traded down 2.74% during mid-day trading on Thursday, hitting $9.93. The stock had a trading volume of 7,680,854 shares. 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 $10.09 and a 200-day moving average of $10.67. The company has a market cap of $7.476 billion and a price-to-earnings ratio of 23.74.
Yamana Gold (NYSE:AUY) last released its earnings data on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.01. The company had revenue of $456.70 million for the quarter, compared to the consensus estimate of $484.96 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 25.4% on a year-over-year basis. On average, analysts predict that Yamana Gold will post $0.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.07 per share. This represents a $0.26 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, December 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $12.00 price target on the stock, down previously from $13.00. They noted that the move was a valuation call. Separately, analysts at National Bank Financial cut their price target on shares of Yamana Gold from C$14.00 to C$13.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Yamana Gold in a research note to investors on Monday. They now have a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. Yamana Gold has a consensus rating of “Buy” and an average target price of $13.31.
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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