Yamana Gold Inc. (AUY) Earns “Buy” Rating from TD Securities
Yamana Gold Inc. (NYSE:AUY)‘s stock had its “buy” rating reaffirmed by stock analysts at TD Securities in a research note issued on Tuesday. They currently have a $7.50 price objective on the stock. TD Securities’ price target points to a potential upside of 97.89% from the company’s previous close.
Several other research firms have also recently issued reports on AUY. Scotiabank reiterated a “sector perform” rating and issued a $6.50 price objective on shares of Yamana Gold in a report on Tuesday. RBC Capital Markets reiterated a “sector perform” rating on shares of Yamana Gold in a report on Tuesday. Zacks Investment Research upgraded Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a report on Friday, July 8th. Dundee Securities upgraded Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday. Finally, Barclays PLC lifted their price objective on Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Yamana Gold currently has an average rating of “Hold” and an average price target of $5.02.
Shares of Yamana Gold (NYSE:AUY) traded up 2.71% during midday trading on Tuesday, reaching $3.79. The company’s stock had a trading volume of 21,376,184 shares. Yamana Gold has a one year low of $1.38 and a one year high of $5.99. The firm’s market cap is $3.59 billion. The stock’s 50 day moving average price is $4.25 and its 200 day moving average price is $4.73.
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Yamana Gold (NYSE:AUY) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ 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 quarter in the prior year, the firm earned ($0.01) EPS. Yamana Gold’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts predict that Yamana Gold will post $0.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a dividend of $0.005 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.53%. Yamana Gold’s dividend payout ratio (DPR) is -1.01%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fiera Capital Corp boosted its position 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 Yamana Gold by 250.9% in the second quarter. AQR Capital Management LLC now owns 14,360,258 shares of the company’s stock valued at $74,307,000 after buying an additional 10,267,344 shares in the last quarter. Acadian Asset Management LLC raised its stake in Yamana Gold by 360.1% in the second quarter. Acadian Asset Management LLC now owns 11,844,059 shares of the company’s stock valued at $61,285,000 after buying an additional 9,269,923 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Yamana Gold during the second quarter valued at approximately $26,393,000. Finally, Sprott Inc. raised its stake in Yamana Gold by 4,297.2% in the second quarter. Sprott Inc. now owns 3,235,366 shares of the company’s stock valued at $16,824,000 after buying an additional 3,161,788 shares in the last quarter. 49.64% 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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