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 note 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 research analysts also recently issued research reports about the company. Credit Suisse Group AG upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $4.50 to $6.50 in a research note on Thursday, June 30th. HSBC restated a “buy” rating on shares of Yamana Gold in a research note on Thursday, July 7th. TD Securities restated 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. Barclays PLC raised their target price on Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th. Finally, Dundee Securities upgraded Yamana Gold from a “sell” rating to a “neutral” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.02.
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Yamana Gold (NYSE:AUY) traded up 2.71% on Tuesday, hitting $3.79. The stock had a trading volume of 21,376,184 shares. The stock’s market capitalization is $3.59 billion. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99. The company has a 50-day moving average price of $4.25 and a 200-day moving average price of $4.73.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.01. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The firm earned $466.50 million during the quarter, compared to analysts’ expectations of $466.44 million. During the same period last year, the business posted ($0.01) EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Yamana Gold will post $0.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.005 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.53%. Yamana Gold’s dividend payout ratio (DPR) is currently -1.01%.
A number of institutional investors have recently made changes to their positions in the company. Rational Advisors LLC bought a new position in shares of Yamana Gold during the second quarter worth approximately $101,000. Mark Sheptoff Financial Planning LLC boosted 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 during the period. AGF Investments Inc. boosted its position in shares of Yamana Gold by 121.2% in the second quarter. AGF Investments Inc. now owns 25,949 shares of the company’s stock worth $135,000 after buying an additional 14,216 shares during the period. Cambridge Investment Research Advisors Inc. boosted 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 during the period. Finally, GWM Advisors LLC bought a new position in shares of Yamana Gold during the second quarter worth approximately $182,000. 49.64% of the stock is currently owned by institutional investors and hedge funds.
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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