TD Securities Reiterates $4.00 Price Target for Yamana Gold Inc. (AUY)
Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada reiterated an outperform rating on shares of Yamana Gold in a report on Thursday, September 7th. BidaskClub upgraded Yamana Gold from a hold rating to a buy rating in a report on Saturday, August 19th. Zacks Investment Research cut Yamana Gold from a hold rating to a strong sell rating in a report on Thursday, July 6th. Finally, BMO Capital Markets reiterated a hold rating and issued a $3.25 price target on shares of Yamana Gold in a report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $3.54.
Shares of Yamana Gold (AUY) opened at 2.69 on Monday. The firm’s market capitalization is $2.55 billion. The firm has a 50-day moving average of $2.78 and a 200-day moving average of $2.68. Yamana Gold has a one year low of $2.21 and a one year high of $3.95.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). The firm had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. Yamana Gold’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 EPS. On average, equities analysts predict that Yamana Gold will post $0.03 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is currently -4.44%.
Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Yamana Gold during the second quarter worth about $107,000. Creative Planning boosted its holdings in Yamana Gold by 76.6% during the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock worth $111,000 after buying an additional 19,795 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Yamana Gold during the first quarter worth about $111,000. Stephens Inc. AR boosted its holdings in Yamana Gold by 1.1% during the second quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after buying an additional 499 shares during the last quarter. Finally, QCM Cayman Ltd. bought a new position in Yamana Gold during the second quarter worth about $117,000. Hedge funds and other institutional investors own 42.39% 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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