Macquarie Upgrades Yamana Gold (AUY) to Outperform

Yamana Gold (NYSE:AUY) (TSE:YRI) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a report issued on Friday, MarketBeat Ratings reports.

Other equities analysts have also issued reports about the company. Royal Bank of Canada reiterated a “buy” rating and issued a $4.00 price objective on shares of Yamana Gold in a research note on Wednesday, January 31st. TD Securities set a $4.00 price objective on Yamana Gold and gave the stock a “buy” rating in a research note on Monday, October 16th. TheStreet upgraded Yamana Gold from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Scotiabank set a $4.00 price objective on Yamana Gold and gave the stock a “hold” rating in a research note on Monday, January 15th. Finally, ValuEngine upgraded Yamana Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Yamana Gold currently has a consensus rating of “Hold” and an average target price of $3.61.

Yamana Gold (AUY) traded down $0.05 during trading on Friday, hitting $3.08. The stock had a trading volume of 14,790,000 shares, compared to its average volume of 14,350,000. The company has a quick ratio of 0.62, a current ratio of 0.99 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2,890.00, a price-to-earnings ratio of -8.32 and a beta of 0.77. Yamana Gold has a twelve month low of $2.21 and a twelve month high of $3.80.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Afam Capital Inc. increased its stake in Yamana Gold by 0.5% during the second quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock valued at $1,768,000 after acquiring an additional 3,533 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Yamana Gold by 16.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 6,616 shares during the period. BlueCrest Capital Management Ltd increased its stake in Yamana Gold by 5.0% during the second quarter. BlueCrest Capital Management Ltd now owns 325,905 shares of the basic materials company’s stock valued at $792,000 after acquiring an additional 15,494 shares during the period. Creative Planning increased its stake in Yamana Gold by 171.1% during the fourth quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 23,399 shares during the period. Finally, Bennicas & Associates Inc. increased its stake in Yamana Gold by 13.6% during the third quarter. Bennicas & Associates Inc. now owns 200,675 shares of the basic materials company’s stock valued at $532,000 after acquiring an additional 23,950 shares during the period. Hedge funds and other institutional investors own 40.61% of the company’s stock.

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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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