Insider Buying: Yamana Gold Inc. (YRI) Insider Purchases C$13,600.00 in Stock
Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) insider Antonio Cina purchased 4,000 shares of Yamana Gold stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of C$3.40 per share, with a total value of C$13,600.00.
Shares of Yamana Gold Inc. (YRI) traded down C$0.02 during trading hours on Wednesday, reaching C$3.37. 1,954,703 shares of the company’s stock were exchanged, compared to its average volume of 4,054,731. Yamana Gold Inc. has a 12-month low of C$2.84 and a 12-month high of C$4.80.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, December 28th. This is a positive change from Yamana Gold’s previous quarterly dividend of $0.01. Yamana Gold’s dividend payout ratio (DPR) is currently -4.17%.
Several research firms recently weighed in on YRI. Eight Capital restated a “buy” rating on shares of Yamana Gold in a research report on Thursday, November 16th. National Bank Financial reduced their price target on shares of Yamana Gold from C$5.75 to C$5.25 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$5.28.
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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