Yamana Gold Inc. (AUY) Earns “Hold” Rating from Barclays PLC
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Barclays PLC in a report issued on Wednesday. They currently have a $4.00 target price on the stock. Barclays PLC’s price objective points to a potential upside of 25.79% from the stock’s current price.
Other research analysts have also issued research reports about the stock. TD Securities reissued a “buy” rating and set a $6.00 price objective on shares of Yamana Gold in a research note on Saturday, November 26th. Credit Suisse Group set a $5.00 price objective on shares of Yamana Gold and gave the stock a “buy” rating in a research note on Thursday, November 24th. Zacks Investment Research raised shares of Yamana Gold from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. BMO Capital Markets downgraded shares of Yamana Gold from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $6.00 to $3.25 in a report on Monday, December 19th. Finally, Dundee Securities upgraded shares of Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday, October 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $4.73.
Yamana Gold (NYSE:AUY) traded up 0.31% during trading on Wednesday, hitting $3.19. 14,627,160 shares of the company traded hands. The firm has a 50 day moving average of $2.90 and a 200 day moving average of $4.19. Yamana Gold has a one year low of $1.38 and a one year high of $5.99. The firm’s market cap is $3.02 billion.
Yamana Gold (NYSE:AUY) last released its quarterly earnings data 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. Yamana Gold had a positive return on equity of 0.89% and a negative net margin of 97.73%. The firm had revenue of $464.30 million for the quarter, compared to the consensus estimate of $507.61 million. During the same period in the previous year, the business earned ($0.02) EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, analysts expect that Yamana Gold will post $0.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a dividend of $0.005 per share. The ex-dividend date is Wednesday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.63%. Yamana Gold’s payout ratio is -1.06%.
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A number of institutional investors have recently modified their holdings of the company. Fiera Capital Corp increased its position in shares of Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock worth $113,726,000 after buying an additional 10,298,487 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Yamana Gold by 12.1% in the second quarter. Vanguard Group Inc. now owns 19,004,637 shares of the company’s stock worth $98,824,000 after buying an additional 2,045,917 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Yamana Gold by 250.9% in the second quarter. AQR Capital Management LLC now owns 14,360,258 shares of the company’s stock worth $74,307,000 after buying an additional 10,267,344 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of Yamana Gold by 0.8% in the third quarter. CIBC World Markets Inc. now owns 12,826,229 shares of the company’s stock worth $55,281,000 after buying an additional 99,242 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Yamana Gold by 1.1% in the third quarter. TD Asset Management Inc. now owns 11,709,160 shares of the company’s stock worth $50,338,000 after buying an additional 121,747 shares during the last quarter. Institutional investors and hedge funds own 47.30% 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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