Yamana Gold Inc. (AUY) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) have earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $3.54.
Several brokerages have commented on AUY. Royal Bank Of Canada set a $4.00 target price on shares of Yamana Gold and gave the stock a “buy” rating in a report on Tuesday, October 17th. TD Securities set a $4.00 target price on shares of Yamana Gold and gave the stock a “buy” rating in a report on Monday, October 16th. BidaskClub upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Zacks Investment Research upgraded shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th.
Yamana Gold (AUY) opened at 2.56 on Wednesday. The stock’s market capitalization is $2.43 billion. Yamana Gold has a 52-week low of $2.21 and a 52-week high of $3.87. The stock has a 50 day moving average of $2.75 and a 200 day moving average of $2.67.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). The firm had revenue of $428.10 million during the quarter, compared to analyst estimates 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 revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. On average, equities research analysts forecast that Yamana Gold will post $0.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, September 28th. Yamana Gold’s dividend payout ratio is -4.44%.
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A number of institutional investors have recently made changes to their positions in AUY. Wells Fargo & Company MN lifted its holdings in Yamana Gold by 6.2% during the 1st quarter. Wells Fargo & Company MN now owns 354,561 shares of the basic materials company’s stock valued at $978,000 after purchasing an additional 20,828 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Yamana Gold during the 1st quarter valued at $327,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Yamana Gold during the 1st quarter valued at $111,000. Alliancebernstein L.P. lifted its holdings in Yamana Gold by 10.5% during the 1st quarter. Alliancebernstein L.P. now owns 132,234 shares of the basic materials company’s stock valued at $365,000 after purchasing an additional 12,564 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Yamana Gold by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock valued at $58,686,000 after purchasing an additional 987,870 shares during the last quarter. 42.62% of the stock is owned by institutional investors and hedge funds.
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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