Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) received a $4.00 price target from equities researchers at TD Securities in a report issued on Monday. The brokerage presently has a “buy” rating on the basic materials company’s stock. TD Securities’ price objective would indicate a potential upside of 52.09% from the company’s previous close.

A number of other brokerages have also recently weighed in on AUY. Royal Bank Of Canada set a $4.00 price objective on Yamana Gold and gave the company a “buy” rating in a report on Tuesday, July 18th. BidaskClub raised Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $3.25 price target on shares of Yamana Gold in a research report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.54.

Yamana Gold (NYSE:AUY) traded up 0.570% during mid-day trading on Monday, hitting $2.645. The stock had a trading volume of 2,629,197 shares. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $3.95. The company’s 50 day moving average price is $2.79 and its 200 day moving average price is $2.68. The firm’s market cap is $2.51 billion.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.07). The firm had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $428.65 million. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. Analysts anticipate that Yamana Gold will post $0.03 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of the company. Stephens Inc. AR grew its position in shares of Yamana Gold by 1.1% in the 2nd 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 during the last quarter. Afam Capital Inc. grew its position in shares of Yamana Gold by 0.5% in the 2nd quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock worth $1,768,000 after buying an additional 3,533 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Yamana Gold by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock worth $1,248,000 after buying an additional 5,553 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Yamana Gold by 7.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 82,012 shares of the basic materials company’s stock worth $199,000 after buying an additional 5,823 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Yamana Gold by 16.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock worth $114,000 after buying an additional 6,616 shares during the last quarter. Hedge funds and other institutional investors own 42.39% 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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