Yamana Gold Inc. (AUY) Rating Reiterated by Scotiabank
Yamana Gold Inc. (NYSE:AUY)‘s stock had its “sector perform” rating reissued by analysts at Scotiabank in a research report issued to clients and investors on Tuesday. They currently have a $6.50 price objective on the stock. Scotiabank’s price target would indicate a potential upside of 71.50% from the company’s current price.
Several other brokerages have also issued reports on AUY. Zacks Investment Research raised Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a research report on Friday, July 8th. HSBC reissued a “buy” rating on shares of Yamana Gold in a report on Thursday, July 7th. TD Securities reissued a “buy” rating and issued a $7.50 price objective (up from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Barclays PLC increased their price objective on Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Finally, Credit Suisse Group AG raised Yamana Gold from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $4.50 to $6.50 in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.02.
Yamana Gold (NYSE:AUY) traded up 2.71% on Tuesday, reaching $3.79. The company had a trading volume of 21,376,184 shares. 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 stock’s 50 day moving average is $4.25 and its 200-day moving average is $4.73.
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Yamana Gold (NYSE:AUY) last announced its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) 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 had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict that Yamana Gold will post $0.14 EPS for the current fiscal year.
The company 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. The ex-dividend date 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 presently -1.01%.
Several institutional investors have recently added to or reduced their stakes in AUY. Rational Advisors LLC bought a new stake in Yamana Gold during the second quarter valued at approximately $101,000. Mark Sheptoff Financial Planning LLC boosted its stake 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 in the last quarter. AGF Investments Inc. boosted its stake 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 in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake 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 in the last quarter. Finally, GWM Advisors LLC bought a new stake in Yamana Gold during the second quarter valued at approximately $182,000. Institutional investors and hedge funds own 49.64% of the company’s stock.
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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