Yamana Gold Inc. (NYSE:AUY) was upgraded by equities research analysts at Dundee Securities from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Friday, The Fly reports.
A number of other equities analysts also recently issued reports on the company. Barclays PLC raised their price objective on Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. TD Securities restated a “buy” rating and set a $7.50 price objective (up from $7.00) on shares of Yamana Gold in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. HSBC upgraded Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price objective for the company in a research report on Monday, July 25th. Finally, Credit Suisse Group AG upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $4.50 to $6.50 in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Yamana Gold currently has an average rating of “Hold” and an average price target of $4.75.
Yamana Gold (NYSE:AUY) traded down 1.06% during trading on Friday, reaching $3.72. The company’s stock had a trading volume of 5,433,205 shares. Yamana Gold has a 12 month low of $1.38 and a 12 month high of $5.99. The stock’s market cap is $3.52 billion. The company’s 50-day moving average is $4.30 and its 200-day moving average is $4.70.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. The firm had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts expect that Yamana Gold will post $0.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.53%. Yamana Gold’s dividend payout ratio is -1.01%.
Several large investors have recently added to or reduced their stakes in AUY. Capstone Asset Management Co. increased its stake in Yamana Gold by 2.7% in the third quarter. Capstone Asset Management Co. now owns 87,326 shares of the company’s stock valued at $376,000 after buying an additional 2,320 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Yamana Gold by 112.2% in the third quarter. BNP Paribas Arbitrage SA now owns 952,256 shares of the company’s stock valued at $4,104,000 after buying an additional 503,513 shares during the last quarter. Fiera Capital Corp boosted its position in shares of Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock valued at $113,726,000 after buying an additional 10,298,487 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of Yamana Gold during the second quarter valued at about $294,000. Finally, AQR Capital Management LLC boosted its position in shares of Yamana Gold by 250.9% in the second quarter. AQR Capital Management LLC now owns 14,360,258 shares of the company’s stock valued at $74,307,000 after buying an additional 10,267,344 shares during the last quarter. Hedge funds and other institutional investors own 49.59% of the company’s stock.
Yamana Gold Company Profile
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.
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