Royal Bank Of Canada Reiterates $4.00 Price Target for Yamana Gold Inc. (AUY)
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) has been assigned a $4.00 target price by equities research analysts at Royal Bank Of Canada in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 59.36% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Yamana Gold in a research note on Sunday, June 4th. BidaskClub cut shares of Yamana Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. TD Securities reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Yamana Gold in a research note on Thursday, May 4th. Scotiabank lifted their price objective on shares of Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a research note on Monday, May 15th. Finally, Vetr raised shares of Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.60 price objective on the stock in a research note on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Yamana Gold currently has an average rating of “Hold” and a consensus price target of $4.06.
Shares of Yamana Gold (NYSE:AUY) traded up 2.45% on Tuesday, reaching $2.51. 9,820,465 shares of the company’s stock traded hands. The firm’s market capitalization is $2.38 billion. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $5.97. The company has a 50 day moving average price of $2.63 and a 200 day moving average price of $2.85.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $403.50 million during the quarter, compared to analyst estimates of $423.20 million. Yamana Gold had a positive return on equity of 0.44% and a negative net margin of 19.31%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. On average, equities research analysts predict that Yamana Gold will post $0.05 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. bought a new position in shares of Yamana Gold during the first quarter worth approximately $111,000. Virtu Financial LLC bought a new position in shares of Yamana Gold during the second quarter worth approximately $107,000. Creative Planning increased its position in shares of Yamana Gold by 76.6% in the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock worth $111,000 after buying an additional 19,795 shares during the last quarter. Stephens Inc. AR increased its position 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 worth $131,000 after buying an additional 1,381 shares during the last quarter. Finally, Korea Investment CORP bought a new position in shares of Yamana Gold during the first quarter worth approximately $161,000. 41.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
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