Yamana Gold Inc. (AUY) Upgraded to “Neutral” by Dundee Securities
Yamana Gold Inc. (NYSE:AUY) was upgraded by analysts at Dundee Securities from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.
Other research analysts have also issued research reports about the company. HSBC upgraded Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price objective for the company in a research report on Monday, July 25th. 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. Barclays PLC boosted their price objective on Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 8th. Zacks Investment Research lowered Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group AG upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $4.50 to $6.50 in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Yamana Gold presently has an average rating of “Hold” and a consensus target price of $4.75.
Shares of Yamana Gold (NYSE:AUY) traded down 1.06% on Friday, hitting $3.72. The stock had a trading volume of 5,432,905 shares. The company’s 50-day moving average price is $4.30 and its 200 day moving average price is $4.70. The firm’s market cap is $3.52 billion. Yamana Gold has a 12-month low of $1.38 and a 12-month high of $5.99.
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Yamana Gold (NYSE:AUY) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. The firm earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. During the same quarter last year, the firm posted ($0.01) earnings per share. Yamana Gold’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Yamana Gold will post $0.14 earnings per share for the current fiscal year.
The business 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 dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -1.01%.
Several large investors have recently made changes to their positions in the company. Fiera Capital Corp raised its stake in shares of Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock worth $113,726,000 after buying an additional 10,298,487 shares during the period. AQR Capital Management LLC raised its stake in shares of Yamana Gold by 250.9% in the second quarter. AQR Capital Management LLC now owns 14,360,258 shares of the company’s stock worth $74,307,000 after buying an additional 10,267,344 shares during the period. Acadian Asset Management LLC raised its stake in shares of Yamana Gold by 360.1% in the second quarter. Acadian Asset Management LLC now owns 11,844,059 shares of the company’s stock worth $61,285,000 after buying an additional 9,269,923 shares during the period. Norges Bank bought a new stake in shares of Yamana Gold during the fourth quarter worth about $14,034,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Yamana Gold during the second quarter worth about $26,393,000. 49.59% of the stock is currently 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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