RBC Capital Markets Reaffirms Sector Perform Rating for Yamana Gold Inc. (AUY)
Yamana Gold Inc. (NYSE:AUY)‘s stock had its “sector perform” rating restated by stock analysts at RBC Capital Markets in a report issued on Tuesday.
A number of other brokerages also recently commented on AUY. Barclays PLC raised their target price 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. Credit Suisse Group AG raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and raised their target price for the company from $4.50 to $6.50 in a research note on Thursday, June 30th. Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a research note on Friday, July 8th. TD Securities reissued a “buy” rating and issued a $7.50 target price (up previously from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Finally, Dundee Securities raised shares of Yamana Gold from a “sell” rating to a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Yamana Gold presently has an average rating of “Hold” and a consensus price target of $4.75.
Yamana Gold (NYSE:AUY) traded up 2.71% during trading on Tuesday, reaching $3.79. 21,331,352 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $4.25 and a 200 day moving average price of $4.73. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99. The stock’s market capitalization is $3.59 billion.
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Yamana Gold (NYSE:AUY) last issued its earnings results on Thursday, July 28th. The company reported $0.01 EPS 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 business earned $466.50 million during the quarter, compared to analysts’ expectations of $466.44 million. During the same period in the prior year, the business posted ($0.01) EPS. The business’s revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Yamana Gold will post $0.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, September 28th. Yamana Gold’s payout ratio is currently -1.01%.
Several large investors have recently added to or reduced their stakes in the company. Rational Advisors LLC bought a new stake in Yamana Gold during the second quarter valued at $101,000. Mark Sheptoff Financial Planning LLC raised 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 period. AGF Investments Inc. raised 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 period. Cambridge Investment Research Advisors Inc. raised 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 period. Finally, GWM Advisors LLC acquired a new position in Yamana Gold during the second quarter valued at approximately $182,000. 49.64% of the stock is owned by 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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