BidaskClub cut shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

AUY has been the topic of a number of other reports. Scotiabank lifted their price target on Yamana Gold from $3.50 to $4.00 and gave the company a sector perform rating in a report on Friday, May 5th. Vetr upgraded Yamana Gold from a buy rating to a strong-buy rating and set a $3.33 price target on the stock in a report on Wednesday, April 19th. Royal Bank Of Canada reiterated a buy rating and issued a $3.75 price target on shares of Yamana Gold in a report on Tuesday, February 28th. ValuEngine downgraded Yamana Gold from a hold rating to a sell rating in a report on Friday, June 2nd. Finally, Raymond James Financial, Inc. reiterated a market perform rating and issued a $3.25 price target on shares of Yamana Gold in a report on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $4.26.

Shares of Yamana Gold (AUY) opened at 2.52 on Tuesday. The stock’s market capitalization is $2.39 billion. The stock has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.87. Yamana Gold has a 1-year low of $2.33 and a 1-year high of $5.99.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. Yamana Gold had a negative net margin of 19.31% and a positive return on equity of 0.44%. The company had revenue of $403.50 million during the quarter, compared to analysts’ expectations of $423.20 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Yamana Gold will post $0.05 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a dividend of $0.005 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.02 annualized dividend and a yield of 0.79%. Yamana Gold’s dividend payout ratio (DPR) is -5.41%.

A number of hedge funds and other institutional investors have recently made changes to their positions in AUY. Russell Investments Group Ltd. acquired a new position in shares of Yamana Gold during the fourth quarter valued at $5,259,000. Donald Smith & CO. Inc. increased its position in shares of Yamana Gold by 13.2% in the first quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock valued at $177,776,000 after buying an additional 7,529,219 shares during the period. Investec Asset Management LTD increased its position in shares of Yamana Gold by 31.2% in the first quarter. Investec Asset Management LTD now owns 4,480,649 shares of the basic materials company’s stock valued at $12,367,000 after buying an additional 1,065,753 shares during the period. Comerica Bank increased its position in shares of Yamana Gold by 10.1% in the fourth quarter. Comerica Bank now owns 113,769 shares of the basic materials company’s stock valued at $361,000 after buying an additional 10,437 shares during the period. Finally, Shell Asset Management Co. increased its position in shares of Yamana Gold by 9.3% in the first quarter. Shell Asset Management Co. now owns 690,073 shares of the basic materials company’s stock valued at $2,533,000 after buying an additional 58,685 shares during the period. Hedge funds and other institutional investors own 42.81% of the company’s stock.

About Yamana Gold

Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.

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