Yamana Gold Inc. (AUY) Upgraded to “Hold” at BidaskClub
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
Other equities analysts have also recently issued reports about the company. National Bank Financial reissued an “outperform market weight” rating on shares of Yamana Gold in a report on Sunday, June 4th. TD Securities reissued a “buy” rating and issued a $5.50 target price on shares of Yamana Gold in a report on Thursday, May 4th. Scotiabank increased their target price on Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a report on Monday, May 15th. Royal Bank Of Canada set a $4.00 target price on Yamana Gold and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, Vetr raised Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.60 target price for the company in a report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Yamana Gold has an average rating of “Hold” and a consensus target price of $4.06.
Yamana Gold (NYSE AUY) traded up 3.15% on Wednesday, reaching $2.62. The company had a trading volume of 14,957,133 shares. The stock’s market cap is $2.48 billion. The company has a 50-day moving average of $2.48 and a 200 day moving average of $2.82. Yamana Gold has a one year low of $2.21 and a one year high of $5.97.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. Yamana Gold had a positive return on equity of 0.44% and a negative net margin of 19.31%. The company had revenue of $403.50 million during the quarter, compared to analyst estimates of $423.20 million. During the same period in the previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Yamana Gold will post $0.05 EPS for the current year.
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A number of hedge funds have recently modified their holdings of AUY. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Yamana Gold by 48.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 241,725 shares of the basic materials company’s stock valued at $583,000 after buying an additional 79,000 shares in the last quarter. Aperio Group LLC increased its stake in Yamana Gold by 55.1% in the second quarter. Aperio Group LLC now owns 183,583 shares of the basic materials company’s stock valued at $446,000 after buying an additional 65,242 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in Yamana Gold during the second quarter valued at about $371,000. Creative Planning increased its stake in Yamana Gold by 76.6% in the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock valued at $111,000 after buying an additional 19,795 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Yamana Gold during the second quarter valued at about $107,000. 41.37% of the stock is currently owned by institutional investors and hedge funds.
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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