Yamana Gold Inc. (AUY) Receives “Hold” Rating from Barclays PLC
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)‘s stock had its “hold” rating reissued by investment analysts at Barclays PLC in a report released on Wednesday. They presently have a $4.00 target price on the stock. Barclays PLC’s price target suggests a potential upside of 25.79% from the stock’s previous close.
AUY has been the topic of a number of other research reports. TD Securities reissued a “buy” rating and issued a $6.00 price target (down previously from $7.50) on shares of Yamana Gold in a research note on Tuesday, November 1st. Zacks Investment Research raised Yamana Gold from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. BMO Capital Markets cut Yamana Gold from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $6.00 to $3.25 in a research note on Monday, December 19th. RBC Capital Markets reissued a “sector perform” rating on shares of Yamana Gold in a research note on Tuesday, October 18th. Finally, Credit Suisse Group set a $5.00 price target on Yamana Gold and gave the stock a “buy” rating in a research note on Thursday, November 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.73.
Shares of Yamana Gold (NYSE:AUY) traded up 0.31% on Wednesday, hitting $3.19. 14,251,862 shares of the stock traded hands. The company’s 50 day moving average is $2.90 and its 200 day moving average is $4.19. The stock’s market cap is $3.02 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 released its earnings results on Friday, October 28th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $464.30 million for the quarter, compared to analyst estimates of $507.61 million. Yamana Gold had a positive return on equity of 0.89% and a negative net margin of 97.73%. Yamana Gold’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. On average, equities analysts forecast that Yamana Gold will post $0.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Wednesday, December 28th. Yamana Gold’s payout ratio is -1.06%.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fiera Capital Corp increased its position in shares of Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock worth $113,726,000 after buying an additional 10,298,487 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Yamana Gold by 12.1% in the second quarter. Vanguard Group Inc. now owns 19,004,637 shares of the company’s stock worth $98,824,000 after buying an additional 2,045,917 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Yamana Gold by 250.9% in the second quarter. AQR Capital Management LLC now owns 14,360,258 shares of the company’s stock worth $74,307,000 after buying an additional 10,267,344 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of Yamana Gold by 0.8% in the third quarter. CIBC World Markets Inc. now owns 12,826,229 shares of the company’s stock worth $55,281,000 after buying an additional 99,242 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Yamana Gold by 1.1% in the third quarter. TD Asset Management Inc. now owns 11,709,160 shares of the company’s stock worth $50,338,000 after buying an additional 121,747 shares during the last quarter. 47.30% 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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