Yamana Gold Target of Unusually High Options Trading (AUY)
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 318,227 put options on the company. This is an increase of 1,924% compared to the average daily volume of 15,722 put options.
A number of research analysts have recently weighed in on the stock. Raymond James Financial, Inc. reissued a “market perform” rating and set a $3.25 target price on shares of Yamana Gold in a research report on Thursday. Royal Bank Of Canada reissued a “buy” rating and set a $3.75 target price on shares of Yamana Gold in a research report on Tuesday. National Bank Financial reissued an “outperform market weight” rating on shares of Yamana Gold in a research report on Sunday, June 4th. ValuEngine downgraded shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Scotiabank increased their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.26.
A number of hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Yamana Gold during the fourth quarter worth approximately $28,733,000. WFG Advisors LP boosted its stake in shares of Yamana Gold by 190.4% in the fourth quarter. WFG Advisors LP now owns 39,805 shares of the basic materials company’s stock worth $546,000 after buying an additional 26,099 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Yamana Gold during the fourth quarter worth approximately $3,781,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Yamana Gold by 18.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 117,826 shares of the basic materials company’s stock worth $331,000 after buying an additional 18,167 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Yamana Gold by 2.7% in the fourth quarter. Public Sector Pension Investment Board now owns 1,648,031 shares of the basic materials company’s stock worth $4,633,000 after buying an additional 42,800 shares in the last quarter. 43.14% of the stock is owned by institutional investors and hedge funds.
Yamana Gold (NYSE AUY) traded down 1.20% on Thursday, reaching $2.48. 15,322,828 shares of the company traded hands. The stock’s market capitalization is $2.35 billion. The stock’s 50-day moving average is $2.66 and its 200-day moving average is $2.89. Yamana Gold has a 1-year low of $2.40 and a 1-year high of $5.99.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its 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 19.31% and a positive return on equity of 0.44%. The business had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $423.20 million. During the same period in the prior year, the company posted $0.03 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that Yamana Gold will post $0.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.81%. Yamana Gold’s dividend payout ratio is currently -5.41%.
WARNING: This piece of content was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/15/yamana-gold-target-of-unusually-high-options-trading-auy-2.html.
Yamana Gold Company Profile
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.
Receive News & Ratings for Yamana Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.