Yamana Gold Inc. (NYSE:AUY) Given Consensus Recommendation of “Hold” by Analysts
Shares of Yamana Gold Inc. (NYSE:AUY) have been given an average rating of “Hold” by the sixteen ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.79.
AUY has been the topic of several analyst reports. Vetr downgraded shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 target price on the stock. in a research note on Monday, June 6th. Credit Suisse Group AG upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $4.50 to $6.50 in a research report on Thursday, June 30th. HSBC restated a “buy” rating on shares of Yamana Gold in a research report on Thursday, July 7th. Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a research report on Friday, July 8th. Finally, TD Securities restated a “buy” rating and set a $7.50 price objective (up previously from $7.00) on shares of Yamana Gold in a research report on Wednesday, August 3rd.
Shares of Yamana Gold (NYSE:AUY) traded up 0.1091% during mid-day trading on Tuesday, hitting $4.4048. The company’s stock had a trading volume of 7,561,302 shares. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99. The company has a 50-day moving average of $5.01 and a 200 day moving average of $4.60. The company’s market cap is $4.17 billion.
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Yamana Gold (NYSE:AUY) last issued its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The firm earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) EPS. On average, analysts expect that Yamana Gold will post $0.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.005 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.45%. Yamana Gold’s dividend payout ratio (DPR) is presently -1.01%.
Several hedge funds have recently made changes to their positions in AUY. Rational Advisors LLC purchased a new stake in shares of Yamana Gold during the second quarter worth about $101,000. Mark Sheptoff Financial Planning LLC boosted its position in Yamana Gold by 156.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 20,500 shares of the company’s stock valued at $107,000 after buying an additional 12,500 shares during the last quarter. AGF Investments Inc. boosted its position in Yamana Gold by 121.2% in the second quarter. AGF Investments Inc. now owns 25,949 shares of the company’s stock valued at $135,000 after buying an additional 14,216 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Yamana Gold by 1.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,251 shares of the company’s stock valued at $142,000 after buying an additional 316 shares during the last quarter. Finally, GWM Advisors LLC bought a new position in Yamana Gold during the second quarter valued at $182,000. 51.35% of the stock is owned by hedge funds and other institutional investors.
About Yamana Gold
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.
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