Yamana Gold Given Average Rating of “Buy” by Analysts (NYSE:AUY)
Shares of Yamana Gold (NYSE:AUY) have been given a consensus rating of “Buy” by the seventeen analysts that are presently covering the stock, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $11.31.
Several analysts have recently commented on the stock. Analysts at CIBC cut their price target on shares of Yamana Gold from $12.00 to $11.50 in a research note on Friday, August 8th. Separately, analysts at Raymond James upgraded shares of Yamana Gold from a “market perform” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $10.50 price target on the stock, up previously from $10.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Yamana Gold from C$13.00 to C$12.50 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock.
Yamana Gold (NYSE:AUY) opened at 8.19 on Tuesday. Yamana Gold has a one year low of $7.02 and a one year high of $12.52. The stock has a 50-day moving average of $8.43 and a 200-day moving average of $8.55. The company’s market cap is $7.187 billion.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.02. The company had revenue of $450.00 million for the quarter, compared to the consensus estimate of $437.12 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that Yamana Gold will post $0.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, September 26th.
Yamana Gold Inc (NYSE:AUY) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.
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