National Bank Financial Research Analysts Decrease Earnings Estimates for Yamana Gold Inc. (YRI)
Yamana Gold Inc. (TSE:YRI) – Research analysts at National Bank Financial lowered their FY2017 earnings per share estimates for shares of Yamana Gold in a research note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the brokerage will earn $0.05 per share for the year, down from their previous estimate of $0.17.
YRI has been the topic of a number of other research reports. Canaccord Genuity cut their price target on shares of Yamana Gold from C$10.00 to C$7.50 in a report on Tuesday, July 12th. TD Securities increased their price target on shares of Yamana Gold from C$7.00 to C$7.50 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Finally, Royal Bank Of Canada cut their price target on shares of Yamana Gold from C$9.80 to C$9.15 and set a “sector perform” rating on the stock in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$7.26.
Shares of Yamana Gold (TSE:YRI) opened at 4.79 on Monday. The firm’s 50-day moving average is $5.63 and its 200-day moving average is $6.10. Yamana Gold has a one year low of $2.00 and a one year high of $7.87. The company’s market cap is $4.54 billion.
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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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