Yamana Gold Inc. (AUY) Receives Average Recommendation of “Hold” from Brokerages
Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) have been given an average rating of “Hold” by the eleven brokerages that are covering the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.12.
AUY has been the topic of a number of research analyst reports. TD Securities reissued a “buy” rating and set a $5.50 price objective on shares of Yamana Gold in a research report on Thursday, May 4th. Royal Bank of Canada reissued a “buy” rating and set a $3.75 price objective on shares of Yamana Gold in a research report on Tuesday, February 28th. Vetr downgraded shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 price objective on the stock. in a research report on Wednesday, April 12th. Credit Suisse Group AG set a $4.00 price objective on shares of Yamana Gold and gave the company a “hold” rating in a research report on Wednesday, February 15th. Finally, Scotiabank boosted their price objective on shares of Yamana Gold from $3.50 to $4.00 and gave the company a “sector perform” rating in a research report on Monday, May 15th.
Several hedge funds have recently added to or reduced their stakes in AUY. Van ECK Associates Corp increased its stake in Yamana Gold by 24.4% in the first quarter. Van ECK Associates Corp now owns 76,956,143 shares of the basic materials company’s stock worth $212,390,000 after buying an additional 15,076,270 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in Yamana Gold by 13.2% in the first quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock worth $177,776,000 after buying an additional 7,529,219 shares in the last quarter. Vanguard Group Inc. increased its stake in Yamana Gold by 4.9% in the first quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock worth $58,686,000 after buying an additional 987,870 shares in the last quarter. Hexavest Inc. increased its stake in Yamana Gold by 1,845.2% in the first quarter. Hexavest Inc. now owns 20,123,386 shares of the basic materials company’s stock worth $55,516,000 after buying an additional 19,088,889 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Yamana Gold by 54.6% in the first quarter. Schroder Investment Management Group now owns 10,471,190 shares of the basic materials company’s stock worth $34,742,000 after buying an additional 3,699,810 shares in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.
Yamana Gold (NYSE:AUY) opened at 2.78 on Friday. Yamana Gold has a 12 month low of $2.40 and a 12 month high of $5.99. The firm has a 50-day moving average of $2.79 and a 200 day moving average of $2.94. The firm’s market capitalization is $2.64 billion.
Yamana Gold (NYSE:AUY) last posted its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The firm had revenue of $403.50 million for the quarter, compared to the consensus estimate of $423.20 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Yamana Gold will post $0.05 earnings per share for the current 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 given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, June 28th. Yamana Gold’s dividend payout ratio is presently -1.06%.
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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