Yamana Gold Inc. (AUY) Upgraded by Dundee Securities to “Neutral”
Yamana Gold Inc. (NYSE:AUY) was upgraded by equities researchers at Dundee Securities from a “sell” rating to a “neutral” rating in a report issued on Friday.
AUY has been the topic of several other research reports. HSBC restated a “buy” rating on shares of Yamana Gold in a research note on Thursday, July 7th. Zacks Investment Research downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. TD Securities reiterated a “buy” rating and set a $7.50 price target (up previously from $7.00) on shares of Yamana Gold in a research report on Wednesday, August 3rd. Credit Suisse Group AG upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $4.50 to $6.50 in a research report on Thursday, June 30th. Finally, Barclays PLC upped their price target on shares of Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Yamana Gold presently has an average rating of “Hold” and a consensus target price of $4.75.
Shares of Yamana Gold (NYSE:AUY) traded down 1.06% during trading on Friday, hitting $3.72. 5,433,205 shares of the stock traded hands. The company has a 50 day moving average of $4.30 and a 200-day moving average of $4.70. The company’s market cap is $3.52 billion. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99.
Yamana Gold (NYSE:AUY) last issued its earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ 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 earned $466.50 million during the quarter, compared to analyst estimates of $466.44 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Yamana Gold will post $0.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.005 dividend. The ex-dividend date 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 presently -1.01%.
Several institutional investors have recently modified their holdings of AUY. JPMorgan Chase & Co. raised its position in shares of Yamana Gold by 54.5% in the first quarter. JPMorgan Chase & Co. now owns 4,435,925 shares of the company’s stock valued at $13,485,000 after buying an additional 1,564,520 shares in the last quarter. Credit Agricole S A raised its position in shares of Yamana Gold by 7.2% in the first quarter. Credit Agricole S A now owns 8,536,821 shares of the company’s stock valued at $25,952,000 after buying an additional 570,289 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Yamana Gold by 1.4% in the first quarter. UBS Asset Management Americas Inc. now owns 3,747,154 shares of the company’s stock valued at $11,415,000 after buying an additional 51,221 shares in the last quarter. AXA raised its position in shares of Yamana Gold by 46.1% in the first quarter. AXA now owns 1,091,400 shares of the company’s stock valued at $3,324,000 after buying an additional 344,342 shares in the last quarter. Finally, Prudential PLC raised its position in shares of Yamana Gold by 7.4% in the first quarter. Prudential PLC now owns 22,372,974 shares of the company’s stock valued at $68,014,000 after buying an additional 1,542,762 shares in the last quarter. Institutional investors and hedge funds own 49.59% of the company’s stock.
About Yamana Gold
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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