Yamana Gold Inc. (AUY) Lowered to Sell at Zacks Investment Research
Yamana Gold Inc. (NYSE:AUY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
According to Zacks, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. “
Other analysts have also recently issued research reports about the company. RBC Capital Markets restated a “sector perform” rating on shares of Yamana Gold in a report on Tuesday. Scotiabank restated a “sector perform” rating and issued a $6.50 price target on shares of Yamana Gold in a report on Tuesday. TD Securities restated a “buy” rating and issued a $7.50 price target on shares of Yamana Gold in a report on Tuesday. Dundee Securities upgraded Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday. Finally, HSBC raised Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price objective on the stock in a research note on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.02.
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Shares of Yamana Gold (NYSE:AUY) traded up 2.71% during trading on Tuesday, reaching $3.79. 21,377,184 shares of the company’s stock traded hands. 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. The company has a 50 day moving average price of $4.24 and a 200 day moving average price of $4.73.
Yamana Gold (NYSE:AUY) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. The business earned $466.50 million during the quarter, compared to analysts’ expectations of $466.44 million. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) EPS. On average, equities analysts forecast that Yamana Gold will post $0.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, September 28th. Yamana Gold’s dividend payout ratio is currently -1.01%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position 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 in the last quarter. Oppenheimer & Co. Inc. raised its position 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 in the last quarter. Capstone Asset Management Co. raised its position in shares of Yamana Gold by 2.7% in the third quarter. Capstone Asset Management Co. now owns 87,326 shares of the company’s stock worth $376,000 after buying an additional 2,320 shares in the last quarter. World Asset Management Inc raised its position 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 in the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its position 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 in the last quarter. 49.64% 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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