Yamana Gold Inc. (AUY) Receives Average Rating of “Hold” from Analysts
Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) have earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $3.71.
AUY has been the topic of several recent analyst reports. 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 note on Wednesday, April 19th. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $3.25 price target on shares of Yamana Gold in a research note on Thursday, June 15th. BidaskClub upgraded Yamana Gold from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. ValuEngine lowered Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered Yamana Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Yamana Gold during the second quarter valued at approximately $107,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Yamana Gold during the first quarter worth about $111,000. 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 in the last quarter. Stephens Inc. AR increased its position in shares of Yamana Gold by 1.1% in the second quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after buying an additional 499 shares in the last quarter. Finally, Korea Investment CORP acquired a new position in shares of Yamana Gold during the first quarter worth about $161,000. 41.02% of the stock is currently owned by hedge funds and other institutional investors.
Yamana Gold (AUY) opened at 2.66 on Friday. The firm’s market cap is $2.52 billion. Yamana Gold has a 1-year low of $2.21 and a 1-year high of $5.85. The firm has a 50-day moving average price of $2.49 and a 200-day moving average price of $2.76.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.07. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The business had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. During the same quarter in the previous year, the business posted $0.01 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts expect that Yamana Gold will post $0.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s payout ratio is presently -4.44%.
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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