Yamana Gold Inc. (AUY) Stock Rating Reaffirmed by RBC Capital Markets
Yamana Gold Inc. (NYSE:AUY)‘s stock had its “sector perform” rating reiterated by stock analysts at RBC Capital Markets in a research note issued on Tuesday.
Several other research analysts have also recently weighed in on AUY. Credit Suisse Group AG raised Yamana Gold from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $4.50 to $6.50 in a research report on Thursday, June 30th. HSBC reaffirmed a “buy” rating on shares of Yamana Gold in a research report on Thursday, July 7th. Zacks Investment Research raised Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a research report on Friday, July 8th. TD Securities reaffirmed a “buy” rating and set a $7.50 price objective (up from $7.00) on shares of Yamana Gold in a research report on Wednesday, August 3rd. Finally, Barclays PLC upped their price objective on Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.75.
Shares of Yamana Gold (NYSE:AUY) traded up 2.71% on Tuesday, reaching $3.79. The company’s stock had a trading volume of 20,898,769 shares. The firm’s market cap is $3.59 billion. The company’s 50 day moving average is $4.25 and its 200-day moving average is $4.73. 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 posted 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. The firm had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) earnings per share. Equities research analysts expect that Yamana Gold will post $0.14 EPS for the current year.
The company 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 dividend on an annualized basis and a dividend yield of 0.54%. Yamana Gold’s dividend payout ratio (DPR) is currently -1.01%.
Several institutional investors have recently made changes to their positions in AUY. NN Investment Partners Holdings N.V. raised its position in shares of Yamana Gold by 10,949.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 592,921 shares of the company’s stock worth $3,083,000 after buying an additional 587,555 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Yamana Gold by 6.0% in the second quarter. Gulf International Bank UK Ltd now owns 289,912 shares of the company’s stock worth $1,501,000 after buying an additional 16,300 shares during the period. Integrated Investment Consultants LLC purchased a new position in shares of Yamana Gold during the second quarter worth $591,000. BNP Paribas Arbitrage SA raised its position in shares of Yamana Gold by 154.2% in the second quarter. BNP Paribas Arbitrage SA now owns 448,743 shares of the company’s stock worth $2,333,000 after buying an additional 272,243 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Yamana Gold by 48.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 191,541 shares of the company’s stock worth $587,000 after buying an additional 62,267 shares during the period. Institutional investors own 49.64% of the company’s stock.
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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