Yamana Gold Rating Lowered to Underweight at HSBC (AUY)
Yamana Gold (NYSE:AUY) was downgraded by stock analysts at HSBC from a “neutral” rating to an “underweight” rating in a report issued on Wednesday, Analyst Ratings Net reports.
Shares of Yamana Gold (NYSE:AUY) opened at 9.82 on Wednesday. Yamana Gold has a 52 week low of $8.31 and a 52 week high of $18.12. The stock has a 50-day moving average of $8.86 and a 200-day moving average of $9.83. The company has a market cap of $7.393 billion and a P/E ratio of 23.55.
Yamana Gold (NYSE:AUY) last released its earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the 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 $0.43 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Yamana Gold from $13.00 to $12.00 in a research note to investors on Friday, January 17th. Separately, 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, January 13th. They now have a “buy” rating on the stock. Finally, 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. Two analysts have 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 stock presently has an average rating of “Buy” and a consensus price target of $13.34.
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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