Yamana Gold Inc. (AUY) Stock Rating Reaffirmed by TD Securities
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)‘s stock had its “buy” rating restated by equities researchers at TD Securities in a report issued on Saturday. They currently have a $6.00 price target on the stock. TD Securities’ price target would suggest a potential upside of 105.48% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group AG set a $5.00 target price on shares of Yamana Gold and gave the company a “buy” rating in a report on Thursday. Barclays PLC upped their target price on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Zacks Investment Research raised shares of Yamana Gold from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Dundee Securities raised shares of Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday, October 14th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $6.50 target price on shares of Yamana Gold in a report on Tuesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $4.94.
Shares of Yamana Gold (NYSE:AUY) opened at 2.92 on Friday. Yamana Gold has a 12-month low of $1.38 and a 12-month high of $5.99. The company has a 50-day moving average price of $3.50 and a 200 day moving average price of $4.60. The firm’s market capitalization is $2.77 billion.
Yamana Gold (NYSE:AUY) last released its quarterly earnings data on Friday, October 28th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.02. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The company earned $464.30 million during the quarter, compared to analyst estimates of $507.61 million. During the same quarter in the prior year, the company earned ($0.02) EPS. The business’s revenue was up 9.5% on a year-over-year basis. On average, equities analysts expect that Yamana Gold will post $0.10 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a $0.005 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.68%. Yamana Gold’s dividend payout ratio is presently -1.06%.
Hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp raised its stake in Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock valued at $113,726,000 after buying an additional 10,298,487 shares in the last quarter. Vanguard Group Inc. raised its stake in Yamana Gold by 12.1% in the second quarter. Vanguard Group Inc. now owns 19,004,637 shares of the company’s stock valued at $98,824,000 after buying an additional 2,045,917 shares in the last quarter. AQR Capital Management LLC raised its stake in Yamana Gold by 250.9% in the second quarter. AQR Capital Management LLC now owns 14,360,258 shares of the company’s stock valued at $74,307,000 after buying an additional 10,267,344 shares in the last quarter. CIBC World Markets Inc. raised its stake in Yamana Gold by 0.8% in the third quarter. CIBC World Markets Inc. now owns 12,826,229 shares of the company’s stock valued at $55,281,000 after buying an additional 99,242 shares in the last quarter. Finally, Hexavest Inc. raised its stake in Yamana Gold by 25.2% in the second quarter. Hexavest Inc. now owns 12,269,181 shares of the company’s stock valued at $63,487,000 after buying an additional 2,466,031 shares in the last quarter. Institutional investors and hedge funds own 47.09% of the company’s stock.
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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