Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

AUY has been the topic of several other research reports. Scotiabank lifted their price target on shares of Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday, May 5th. Vetr upgraded shares of Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.33 price target on the stock in a research note on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $3.75 price target on shares of Yamana Gold in a research note on Tuesday, February 28th. ValuEngine cut shares of Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and set a $3.25 price target on shares of Yamana Gold in a research note on Thursday, June 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $4.26.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

Shares of Yamana Gold (AUY) traded down 0.42% during midday trading on Tuesday, reaching $2.36. 12,985,738 shares of the company’s stock were exchanged. Yamana Gold has a one year low of $2.33 and a one year high of $5.99. The firm has a 50 day moving average of $2.63 and a 200-day moving average of $2.87. The stock’s market cap is $2.24 billion.

Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $423.20 million. Yamana Gold had a negative return on equity of 0.54% and a negative net margin of 1.46%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. On average, equities research analysts anticipate that Yamana Gold will post $0.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.85%. Yamana Gold’s payout ratio is -5.41%.

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Hedge funds have recently made changes to their positions in the stock. WFG Advisors LP increased 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 valued at $546,000 after buying an additional 26,099 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Yamana Gold during the first quarter valued at approximately $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 during the last quarter. Korea Investment CORP purchased a new stake in shares of Yamana Gold during the first quarter valued at approximately $161,000. Finally, 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 during the last quarter. Hedge funds and other institutional investors own 42.81% of the company’s stock.

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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