Yamana Gold Inc. (AUY) Receives “Sector Perform” Rating from Scotiabank
Yamana Gold Inc. (NYSE:AUY)‘s stock had its “sector perform” rating reiterated by investment analysts at Scotiabank in a research note issued on Tuesday. They currently have a $6.50 price target on the stock. Scotiabank’s price objective points to a potential upside of 71.50% from the stock’s previous close.
A number of other analysts also recently commented on the stock. RBC Capital Markets restated a “sector perform” rating on shares of Yamana Gold in a research report on Tuesday. Dundee Securities upgraded shares of Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday. Barclays PLC boosted their target price on shares of Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th. TD Securities reiterated a “buy” rating and issued a $7.50 target price (up from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Finally, Zacks Investment Research downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Yamana Gold presently has a consensus rating of “Hold” and a consensus target price of $5.02.
Shares of Yamana Gold (NYSE:AUY) traded up 2.71% during trading on Tuesday, hitting $3.79. 21,376,184 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $4.25 and its 200 day moving average is $4.73. The firm’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.
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Yamana Gold (NYSE:AUY) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $466.50 million for the quarter, compared to the consensus estimate of $466.44 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast 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. Shareholders of record on Friday, September 30th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, September 28th. Yamana Gold’s dividend payout ratio is -1.01%.
A number of hedge funds have recently bought and sold shares of the company. Capstone Asset Management Co. increased its stake in Yamana Gold by 2.7% in the third quarter. Capstone Asset Management Co. now owns 87,326 shares of the company’s stock valued at $376,000 after buying an additional 2,320 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Yamana Gold by 112.2% in the third quarter. BNP Paribas Arbitrage SA now owns 952,256 shares of the company’s stock valued at $4,104,000 after buying an additional 503,513 shares in the last quarter. Fiera Capital Corp increased its stake in Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock valued at $113,726,000 after buying an additional 10,298,487 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in Yamana Gold during the second quarter valued at about $294,000. Finally, AQR Capital Management LLC increased 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. 49.64% of the stock is 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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