Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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. “

A number of other analysts also recently commented on AUY. TD Securities reissued a “buy” rating and issued a $7.50 price objective (up previously from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Scotiabank reissued a “sector perform” rating and issued a $6.50 price objective on shares of Yamana Gold in a research note on Tuesday, October 18th. Dundee Securities raised Yamana Gold from a “sell” rating to a “neutral” rating in a research note on Friday, October 14th. RBC Capital Markets reissued a “sector perform” rating on shares of Yamana Gold in a research note on Tuesday, October 18th. Finally, Barclays PLC boosted their price objective 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Yamana Gold currently has a consensus rating of “Hold” and an average target price of $5.05.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

Shares of Yamana Gold (NYSE:AUY) opened at 2.94 on Wednesday. The firm has a 50-day moving average price of $3.52 and a 200-day moving average price of $4.61. The firm’s market capitalization is $2.79 billion. Yamana Gold has a 52 week low of $1.38 and a 52 week high of $5.99.

Yamana Gold (NYSE:AUY) last announced its earnings results on Friday, October 28th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.02. The business had revenue of $464.30 million for the quarter, compared to the consensus estimate of $507.61 million. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. On average, equities analysts expect that Yamana Gold will post $0.10 earnings per share for the current fiscal year.

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

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 worth $142,000 after buying an additional 316 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Yamana Gold by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 119,908 shares of the company’s stock worth $516,000 after buying an additional 429 shares during the period. Sei Investments Co. increased its position in shares of Yamana Gold by 0.4% in the third quarter. Sei Investments Co. now owns 519,732 shares of the company’s stock worth $2,240,000 after buying an additional 2,003 shares during the period. 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 worth $376,000 after buying an additional 2,320 shares during the period. Finally, 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 worth $306,000 after buying an additional 4,313 shares during the period. Hedge funds and other institutional investors own 47.09% of the company’s stock.

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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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