Yamana Gold Inc. (NYSE:AUY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. “

AUY has been the subject of a number of other reports. RBC Capital Markets reaffirmed a “sector perform” rating on shares of Yamana Gold in a research report on Tuesday. Scotiabank reaffirmed a “sector perform” rating and set a $6.50 price objective on shares of Yamana Gold in a research report on Tuesday. TD Securities reaffirmed a “buy” rating and set a $7.50 price objective on shares of Yamana Gold in a research report on Tuesday. Dundee Securities raised shares of Yamana Gold from a “sell” rating to a “neutral” rating in a research report on Friday. Finally, HSBC raised shares of 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $5.02.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

Shares of Yamana Gold (NYSE:AUY) traded up 2.71% during midday trading on Tuesday, hitting $3.79. 21,376,184 shares of the company were exchanged. Yamana Gold has a one year low of $1.38 and a one year high of $5.99. The company’s market capitalization is $3.59 billion. The company has a 50-day moving average of $4.25 and a 200 day moving average of $4.73.

Yamana Gold (NYSE:AUY) last issued its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. Yamana Gold’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. On average, equities research analysts expect that Yamana Gold will post $0.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, September 28th. Yamana Gold’s payout ratio is -1.01%.

A number of hedge funds and other institutional investors have recently modified their holdings of AUY. Cambridge Investment Research Advisors Inc. increased its position in shares of Yamana Gold by 1.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,251 shares of the company’s stock valued at $142,000 after buying an additional 316 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Yamana Gold by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 119,479 shares of the company’s stock valued at $621,000 after buying an additional 1,535 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of 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 during the last quarter. World Asset Management Inc increased its position in shares of Yamana Gold by 7.9% in the second quarter. World Asset Management Inc now owns 58,921 shares of the company’s stock valued at $306,000 after buying an additional 4,313 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its position in shares of Yamana Gold by 156.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 20,500 shares of the company’s stock valued at $107,000 after buying an additional 12,500 shares during the last quarter. 49.64% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:AUY

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