Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) has been assigned a $5.00 price objective by Credit Suisse Group AG in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 71.23% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Friday, October 28th. Barclays PLC boosted their target price on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 8th. TD Securities restated a “buy” rating and issued a $7.50 target price (up from $7.00) on shares of Yamana Gold in a research report on Wednesday, August 3rd. Dundee Securities raised shares of Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday, October 14th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating on shares of Yamana Gold in a report on Tuesday, October 18th. 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 stock. The stock has a consensus rating of “Hold” and an average target price of $4.94.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

Yamana Gold (NYSE:AUY) traded down 0.68% during midday trading on Thursday, reaching $2.92. 6,452,773 shares of the company’s stock traded hands. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99. The stock’s 50 day moving average price is $3.50 and its 200 day moving average price is $4.60. The firm’s market cap is $2.77 billion.

Yamana Gold (NYSE:AUY) last issued its earnings results on Friday, October 28th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by $0.02. The firm earned $464.30 million during the quarter, compared to analyst estimates of $507.61 million. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. Yamana Gold’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Equities research analysts anticipate that Yamana Gold will post $0.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, December 28th. Yamana Gold’s payout ratio is -1.06%.

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A number of large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Yamana Gold by 31.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,996,175 shares of the company’s stock worth $31,027,000 after buying an additional 1,425,633 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Yamana Gold by 16.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,445,533 shares of the company’s stock worth $17,840,000 after buying an additional 484,480 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in Yamana Gold by 9.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 1,381,486 shares of the company’s stock worth $7,149,000 after buying an additional 116,290 shares during the last quarter. CIBC World Markets Inc. raised its stake in Yamana Gold by 6.5% in the second quarter. CIBC World Markets Inc. now owns 12,726,987 shares of the company’s stock worth $66,180,000 after buying an additional 774,872 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Yamana Gold by 360.1% in the second quarter. Acadian Asset Management LLC now owns 11,844,059 shares of the company’s stock worth $61,285,000 after buying an additional 9,269,923 shares during the last quarter. 47.09% of the stock is currently 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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