Yamana Gold Inc. (AUY) Upgraded at BidaskClub
BidaskClub upgraded shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) from a hold rating to a buy rating in a report released on Saturday morning.
A number of other research analysts have also recently commented on the company. Royal Bank Of Canada set a $4.00 price target on Yamana Gold and gave the stock a buy rating in a report on Tuesday, July 18th. Zacks Investment Research cut Yamana Gold from a hold rating to a strong sell rating in a report on Thursday, July 6th. BMO Capital Markets reissued a hold rating and issued a $3.25 price target on shares of Yamana Gold in a report on Tuesday, June 20th. Raymond James Financial, Inc. reissued a market perform rating and issued a $3.25 price target on shares of Yamana Gold in a report on Thursday, June 15th. Finally, National Bank Financial reissued an outperform market weight rating on shares of Yamana Gold in a report on Sunday, June 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Yamana Gold presently has a consensus rating of Hold and a consensus target price of $3.71.
Shares of Yamana Gold (AUY) opened at 2.76 on Friday. Yamana Gold has a 12-month low of $2.21 and a 12-month high of $5.41. The stock’s market capitalization is $2.62 billion. The firm’s 50-day moving average is $2.52 and its 200 day moving average is $2.72.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.07. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The company had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $428.65 million. During the same period in the previous year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts forecast that Yamana Gold will post $0.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -4.44%.
Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in shares of Yamana Gold by 37.1% in the second quarter. Van ECK Associates Corp now owns 105,537,134 shares of the basic materials company’s stock valued at $256,603,000 after buying an additional 28,580,991 shares during the period. 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. Ameriprise Financial Inc. acquired a new position in shares of Yamana Gold during the second quarter valued at approximately $11,066,000. Public Sector Pension investment Board increased its position in shares of Yamana Gold by 245.3% in the second quarter. Public Sector Pension investment Board now owns 5,253,531 shares of the basic materials company’s stock valued at $12,662,000 after buying an additional 3,732,000 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Yamana Gold by 54.6% in the first quarter. Schroder Investment Management Group now owns 10,471,190 shares of the basic materials company’s stock valued at $34,742,000 after buying an additional 3,699,810 shares during the period. 40.60% of the stock is currently owned by institutional investors.
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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