Yamana Gold Inc. (AUY) Stock Price Up 5.1%
Yamana Gold Inc. (NYSE:AUY)’s share price rose 5.1% during mid-day trading on Wednesday . The company traded as high as $4.77 and last traded at $4.71, with a volume of 23,566,002 shares changing hands. The stock had previously closed at $4.48.
AUY has been the subject of a number of recent research reports. HSBC upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price objective for the company in a research note on Monday, July 25th. TD Securities restated a “buy” rating and issued a $7.50 price objective (up previously from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Vetr cut shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 price objective for the company. in a research note on Monday, June 6th. Barclays PLC increased their price objective on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.75.
The firm’s market cap is $4.57 billion. The stock’s 50-day moving average is $4.94 and its 200 day moving average is $4.61.
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Yamana Gold (NYSE:AUY) last announced its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The business earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) EPS. On average, equities research analysts expect that Yamana Gold Inc. will post $0.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given 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 0.41%. Yamana Gold’s payout ratio is presently -1.01%.
Several large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Yamana Gold by 1.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,251 shares of the company’s stock worth $142,000 after buying an additional 316 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Yamana Gold by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 119,479 shares of the company’s stock worth $621,000 after buying an additional 1,535 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Yamana Gold by 7.9% in the second quarter. World Asset Management Inc now owns 58,921 shares of the company’s stock worth $306,000 after buying an additional 4,313 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Yamana Gold by 156.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 20,500 shares of the company’s stock worth $107,000 after buying an additional 12,500 shares during the last quarter. Finally, AGF Investments Inc. boosted its stake in shares of Yamana Gold by 121.2% in the second quarter. AGF Investments Inc. now owns 25,949 shares of the company’s stock worth $135,000 after buying an additional 14,216 shares during the last quarter. 49.59% of the stock is owned by institutional investors.
Yamana Gold Company Profile
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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