Yamana Gold (NYSE:AUY) (TSE:YRI) was downgraded by stock analysts at HSBC from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

Several other equities research analysts have also recently issued reports on AUY. National Bank Financial reiterated a “buy” rating on shares of Yamana Gold in a report on Monday. Scotiabank reiterated a “hold” rating and issued a $3.75 price objective on shares of Yamana Gold in a report on Friday, July 27th. ValuEngine cut Yamana Gold from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded Yamana Gold from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, TheStreet cut Yamana Gold from a “c” rating to a “d” rating in a report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $3.59.

AUY stock opened at $2.14 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 1.01. Yamana Gold has a 12-month low of $2.00 and a 12-month high of $3.80. The stock has a market capitalization of $1.96 billion, a P/E ratio of 26.75 and a beta of 0.98.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Yamana Gold had a positive return on equity of 3.46% and a negative net margin of 23.32%. The company had revenue of $416.80 million for the quarter. As a group, analysts expect that Yamana Gold will post 0.08 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AUY. Hilltop Holdings Inc. purchased a new position in Yamana Gold in the 3rd quarter worth approximately $103,000. Signition LP purchased a new position in Yamana Gold in the 3rd quarter worth approximately $240,000. Virtu Financial LLC lifted its stake in Yamana Gold by 32.8% in the 3rd quarter. Virtu Financial LLC now owns 121,810 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 30,052 shares in the last quarter. HRT Financial LLC purchased a new position in Yamana Gold in the 3rd quarter worth approximately $324,000. Finally, ARP Americas LP lifted its stake in Yamana Gold by 144.6% in the 2nd quarter. ARP Americas LP now owns 113,500 shares of the basic materials company’s stock worth $331,000 after purchasing an additional 67,100 shares in the last quarter. 42.15% of the stock is currently owned by institutional investors and hedge funds.

About Yamana Gold

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

Recommended Story: Short Selling

The Fly

Analyst Recommendations for Yamana Gold (NYSE:AUY)

Receive News & Ratings for Yamana Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold and related companies with MarketBeat.com's FREE daily email newsletter.