Yamana Gold Inc. (YRI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) have received a consensus rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$4.80.

A number of research analysts have commented on the stock. National Bank Financial increased their price target on shares of Yamana Gold from C$5.00 to C$6.00 and gave the company a “sector perform” rating in a research report on Friday, January 26th. Royal Bank of Canada increased their price target on shares of Yamana Gold from C$3.50 to C$4.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Canaccord Genuity increased their price target on shares of Yamana Gold from C$5.25 to C$6.00 in a research report on Friday, January 19th. Eight Capital reiterated a “buy” rating on shares of Yamana Gold in a research report on Thursday, November 16th. Finally, Desjardins reiterated a “hold” rating on shares of Yamana Gold in a research report on Monday, December 11th.

In other news, insider Ross Douglas Gallinger bought 14,500 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average price of C$3.43 per share, for a total transaction of C$49,735.00. Also, Director Peter Marrone bought 50,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average price of C$3.40 per share, for a total transaction of C$170,000.00. Insiders have acquired 94,400 shares of company stock worth $323,726 over the last quarter.

Yamana Gold (TSE:YRI) opened at C$4.12 on Tuesday. Yamana Gold has a 52-week low of C$2.84 and a 52-week high of C$4.69. The company has a market cap of $3,910.00, a P/E ratio of -8.77 and a beta of 0.36.

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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 (TSE:YRI)

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