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 report released on Friday.

AUY has been the topic of several other reports. Scotiabank lifted their price target on Yamana Gold from $3.50 to $4.00 and gave the company a “sector perform” rating in a research report on Friday, May 5th. Vetr upgraded Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.33 price target on the stock in a research report on Wednesday, April 19th. ValuEngine lowered Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $3.25 target price on shares of Yamana Gold in a report on Thursday, June 15th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $3.25 target price on shares of Yamana Gold in a report on Tuesday, June 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Yamana Gold presently has a consensus rating of “Hold” and an average target price of $4.26.

Yamana Gold (AUY) traded down 3.46% during trading on Friday, hitting $2.23. The company’s stock had a trading volume of 8,859,830 shares. The firm’s market cap is $2.11 billion. The firm has a 50 day moving average of $2.63 and a 200 day moving average of $2.85. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $5.99. Yamana Gold also saw some unusual options trading on Tuesday. Stock traders acquired 520 call options on the stock. This represents an increase of 277% compared to the typical daily volume of 138 call options.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released 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. Yamana Gold had a negative net margin of 19.31% and a positive return on equity of 0.44%. 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 firm earned $0.03 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts predict 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. Investors of record on Friday, June 30th will be given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, June 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -5.41%.

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Hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Yamana Gold by 1.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,251 shares of the basic materials company’s stock worth $142,000 after buying an additional 316 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Yamana Gold by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 119,908 shares of the basic materials company’s stock worth $516,000 after buying an additional 429 shares during the period. World Asset Management Inc boosted its stake in 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 worth $165,000 after buying an additional 1,308 shares during the period. Stephens Inc. AR boosted its stake in Yamana Gold by 3.0% in the first quarter. Stephens Inc. AR now owns 47,412 shares of the basic materials company’s stock worth $131,000 after buying an additional 1,381 shares during the period. Finally, Sei Investments Co. boosted its stake in Yamana Gold by 0.4% in the third quarter. Sei Investments Co. now owns 519,732 shares of the basic materials company’s stock worth $2,240,000 after buying an additional 2,003 shares during the period. Institutional investors own 42.81% of the company’s stock.

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.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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