Yamana Gold’s (AUY) Buy Rating Reiterated at TD Securities
Yamana Gold Inc. (NYSE:AUY)‘s stock had its “buy” rating restated by analysts at TD Securities in a research report issued on Tuesday. They presently have a $7.50 price target on the stock. TD Securities’ price objective points to a potential upside of 97.89% from the stock’s current price.
A number of other research firms also recently issued reports on AUY. Zacks Investment Research upgraded Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a report on Friday, July 8th. HSBC restated a “buy” rating on shares of Yamana Gold in a report on Thursday, July 7th. Barclays PLC raised their price target on Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Credit Suisse Group AG upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and raised their price target for the company from $4.50 to $6.50 in a report on Thursday, June 30th. Finally, Scotiabank restated a “sector perform” rating and set a $6.50 price target on shares of Yamana Gold in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.02.
Yamana Gold (NYSE:AUY) traded up 2.71% during midday trading on Tuesday, reaching $3.79. 21,376,184 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $4.25 and its 200-day moving average price is $4.73. The stock’s market cap is $3.59 billion. Yamana Gold has a one year low of $1.38 and a one 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The firm earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. Yamana Gold’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. Equities analysts predict that Yamana Gold will post $0.14 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.02 annualized dividend and a yield of 0.53%. Yamana Gold’s payout ratio is -1.01%.
A number of hedge funds and other institutional investors have recently made changes to their positions in AUY. NN Investment Partners Holdings N.V. boosted 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 valued at $3,083,000 after buying an additional 587,555 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in 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 last quarter. Integrated Investment Consultants LLC bought a new position in Yamana Gold during the second quarter worth $591,000. BNP Paribas Arbitrage SA boosted its position in 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 last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in 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 last quarter. 49.64% of the stock is currently owned by institutional investors and hedge funds.
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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