Yamana Gold Target of Unusually High Options Trading (AUY)
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of some unusual options trading on Friday. Stock traders purchased 185,380 put options on the company. This represents an increase of 1,883% compared to the average daily volume of 9,350 put options.
Shares of Yamana Gold (NYSE:AUY) opened at 2.77 on Wednesday. Yamana Gold has a one year low of $2.40 and a one year high of $5.99. The firm’s 50-day moving average price is $2.79 and its 200-day moving average price is $2.98. The stock’s market capitalization is $2.63 billion.
Yamana Gold (NYSE:AUY) last announced its earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.02. The business had revenue of $403.50 million for the quarter, compared to analyst estimates of $423.20 million. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities research analysts anticipate that Yamana Gold will post $0.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.005 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.72%. Yamana Gold’s dividend payout ratio is presently -1.06%.
Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Yamana Gold during the first quarter valued at $111,000. Stephens Inc. AR increased its stake in shares of Yamana Gold by 3.0% in the first quarter. Stephens Inc. AR now owns 47,412 shares of the basic materials company’s stock valued at $131,000 after buying an additional 1,381 shares in the last quarter. Korea Investment CORP acquired a new stake in shares of Yamana Gold during the first quarter valued at $161,000. World Asset Management Inc increased its stake in shares of Yamana Gold by 2.2% in the first quarter. World Asset Management Inc now owns 59,847 shares of the basic materials company’s stock valued at $165,000 after buying an additional 1,308 shares in the last quarter. Finally, Vivaldi Capital Management LLC acquired a new stake in shares of Yamana Gold during the first quarter valued at $193,000. Institutional investors own 46.77% of the company’s stock.
AUY has been the subject of a number of recent research reports. Credit Suisse Group AG set a $4.00 target price on Yamana Gold and gave the company a “hold” rating in a report on Wednesday, February 15th. Bank of America Corp lowered Yamana Gold from a “neutral” rating to an “underperform” rating and set a $2.80 target price for the company. in a report on Wednesday, February 22nd. Royal Bank of Canada reiterated a “buy” rating and issued a $3.75 target price on shares of Yamana Gold in a report on Tuesday, February 28th. Vetr lowered Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 target price for the company. in a report on Wednesday, April 12th. Finally, TD Securities reiterated a “buy” rating and issued a $5.50 target price on shares of Yamana Gold in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.36.
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About Yamana Gold
Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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