RBC Capital Markets reiterated their sector perform rating on shares of Yamana Gold Inc. (NYSE:AUY) in a report issued on Tuesday morning.

Several other research analysts also recently commented on AUY. Zacks Investment Research upgraded Yamana Gold from a hold rating to a strong-buy rating and set a $6.50 target price for the company in a research note on Friday, July 8th. Dundee Securities upgraded Yamana Gold from a sell rating to a neutral rating in a research note on Friday, October 14th. TD Securities reiterated a buy rating and set a $7.50 target price (up from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Barclays PLC lifted their target price on Yamana Gold from $4.00 to $6.00 and gave the stock an equal weight rating in a research note on Monday, August 8th. Finally, Credit Suisse Group AG upgraded Yamana Gold from a neutral rating to an outperform rating and lifted their target price for the stock from $4.50 to $6.50 in a research note on Thursday, June 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $5.02.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

Shares of Yamana Gold (NYSE:AUY) traded up 0.53% during mid-day trading on Tuesday, reaching $3.81. The company’s stock had a trading volume of 3,246,066 shares. The firm has a 50 day moving average price of $4.23 and a 200 day moving average price of $4.74. The firm’s market cap is $3.61 billion. Yamana Gold has a 52-week low of $1.38 and a 52-week high of $5.99.

Yamana Gold (NYSE:AUY) last posted its quarterly 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 company earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) earnings per share. On average, equities analysts predict that Yamana Gold will post $0.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is currently -1.01%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rational Advisors LLC purchased a new position in Yamana Gold during the second quarter worth $101,000. Mark Sheptoff Financial Planning LLC increased its position in Yamana Gold by 156.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 20,500 shares of the company’s stock worth $107,000 after buying an additional 12,500 shares during the period. AGF Investments Inc. increased its position in Yamana Gold by 121.2% in the second quarter. AGF Investments Inc. now owns 25,949 shares of the company’s stock worth $135,000 after buying an additional 14,216 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Yamana Gold by 1.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,251 shares of the company’s stock worth $142,000 after buying an additional 316 shares during the period. Finally, GWM Advisors LLC purchased a new position in Yamana Gold during the second quarter worth $182,000. 49.64% of the stock is currently owned by institutional investors and hedge funds.

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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