Yamana Gold Inc. (AUY) Given Buy Rating at TD Securities
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)‘s stock had its “buy” rating restated by stock analysts at TD Securities in a report released on Saturday. They presently have a $6.00 price target on the stock. TD Securities’ target price points to a potential upside of 105.48% from the stock’s current price.
Several other equities analysts have also recently issued reports on AUY. Zacks Investment Research cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Barclays PLC lifted their price objective on shares of Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th. Dundee Securities raised shares of Yamana Gold from a “sell” rating to a “neutral” rating in a research note on Friday, October 14th. RBC Capital Markets reaffirmed a “sector perform” rating on shares of Yamana Gold in a research note on Tuesday, October 18th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $6.50 price objective on shares of Yamana Gold in a research note on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.94.
Yamana Gold (NYSE:AUY) opened at 2.92 on Friday. The stock’s market cap is $2.77 billion. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99. The firm’s 50-day moving average is $3.50 and its 200-day moving average is $4.60.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The business earned $464.30 million during the quarter, compared to analyst estimates of $507.61 million. Yamana Gold had a positive return on equity of 0.89% and a negative net margin of 97.73%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. On average, analysts forecast that Yamana Gold will post $0.10 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given 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 is Wednesday, December 28th. Yamana Gold’s payout ratio is presently -1.06%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in AUY. Rational Advisors LLC bought a new position in shares of Yamana Gold during the second quarter worth approximately $101,000. 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 worth $107,000 after buying an additional 12,500 shares during the last quarter. Wedbush Securities Inc. bought a new position in shares of Yamana Gold during the third quarter worth approximately $109,000. Quantbot Technologies LP bought a new position in shares of Yamana Gold during the third quarter worth approximately $113,000. Finally, AGF Investments Inc. increased its position in shares of 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 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.
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