Yamana Gold Given Average Rating of “Buy” by Analysts (NYSE:AUY)
Shares of Yamana Gold (NYSE:AUY) have earned a consensus rating of “Buy” from the seventeen analysts that are currently covering the company, StockRatingsNetwork reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.31.
Yamana Gold (NYSE:AUY) opened at 8.50 on Tuesday. Yamana Gold has a 1-year low of $7.02 and a 1-year high of $11.75. The stock’s 50-day moving average is $8.45 and its 200-day moving average is $8.53. The company’s market cap is $7.459 billion.
Yamana Gold (NYSE:AUY) last released its earnings data on Wednesday, July 30th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.07 earnings per share. Yamana Gold’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Yamana Gold will post $0.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 14th. Shareholders 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 1.76%. The ex-dividend date is Friday, September 26th.
A number of analysts have recently weighed in on AUY shares. 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 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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