Yamana Gold Price Target Cut to $12.30 (AUY)
Equities researchers at Cowen and Company decreased their price objective on shares of Yamana Gold (NYSE:AUY) from $12.89 to $12.30 in a research report issued on Thursday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target would suggest a potential upside of 23.87% from the stock’s previous close.
Shares of Yamana Gold (NYSE:AUY) traded down 2.74% on Thursday, hitting $9.93. 7,680,854 shares of the company’s stock traded hands. Yamana Gold has a 52-week low of $8.55 and a 52-week high of $20.59. The stock’s 50-day moving average is $10.09 and its 200-day moving average is $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 posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. Yamana Gold’s revenue was down 25.4% compared to the same quarter last year. On average, analysts predict that Yamana Gold will post $0.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.07 per share. This represents a $0.26 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, December 27th.
A number of other firms have also recently commented on AUY. Analysts at CIBC cut their price target on shares of Yamana Gold to $12.00 in a research note to investors on Thursday. They now have a “sector outperform” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target 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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