Yamana Gold Price Target Cut to $12.00 by Analysts at Barclays (AUY)
Analysts at Barclays decreased their price target on shares of Yamana Gold (NYSE:AUY) from $13.00 to $12.00 in a research report issued to clients and investors on Friday, Analyst RN reports. Barclays’ target price would suggest a potential upside of 28.76% from the company’s current price.
Yamana Gold (NYSE:AUY) traded up 3.33% during mid-day trading on Friday, hitting $9.6301. 5,516,743 shares of the company’s stock traded hands. Yamana Gold has a 52 week low of $8.31 and a 52 week high of $18.23. The stock’s 50-day moving average is $8.80 and its 200-day moving average is $9.82. The company has a market cap of $7.251 billion and a P/E ratio of 22.84.
Yamana Gold (NYSE:AUY) last announced its 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. Analysts expect that Yamana Gold will post $0.43 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Yamana Gold from C$12.50 to C$11.50 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Yamana Gold in a research note to investors on Tuesday, November 26th. They now have a $12.50 price target on the stock, up previously from $11.50. Finally, analysts at HSBC cut their price target on shares of Yamana Gold from $10.00 to $9.60 in a research note to investors on Thursday, November 14th. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $13.12.
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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