Yamana Gold (NYSE:AUY) (TSE:YRI) had its price target cut by TD Securities from $4.25 to $3.50 in a research note published on Monday, BayStreet.CA reports. They currently have a buy rating on the basic materials company’s stock.

Several other brokerages also recently weighed in on AUY. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a buy rating to a hold rating in a research note on Thursday, May 2nd. Royal Bank of Canada set a $147.00 target price on shares of Ameriprise Financial and gave the company a hold rating in a research note on Friday, April 26th. Raymond James set a $60.00 target price on shares of Banner and gave the company a buy rating in a research note on Friday, May 3rd. ValuEngine upgraded shares of USINAS SIDERURG/S from a sell rating to a hold rating in a research note on Wednesday, May 29th. Finally, National Bank Financial downgraded shares of Detour Gold to a hold rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $3.15.

AUY opened at $2.56 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.52 and a debt-to-equity ratio of 0.45. Yamana Gold has a 52-week low of $1.78 and a 52-week high of $3.23. The stock’s 50 day simple moving average is $2.22. The stock has a market capitalization of $2.50 billion, a P/E ratio of 21.33 and a beta of 0.93.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $407.10 million during the quarter, compared to the consensus estimate of $414.49 million. Yamana Gold had a negative net margin of 7.41% and a positive return on equity of 3.09%. Yamana Gold’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) earnings per share. As a group, equities research analysts anticipate that Yamana Gold will post 0.03 EPS for the current year.

Several hedge funds have recently made changes to their positions in AUY. BlackRock Inc. boosted its holdings in Yamana Gold by 5.3% during the 4th quarter. BlackRock Inc. now owns 498,850 shares of the basic materials company’s stock valued at $1,177,000 after acquiring an additional 24,962 shares during the period. Private Advisor Group LLC raised its position in Yamana Gold by 438.8% during the 4th quarter. Private Advisor Group LLC now owns 62,366 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 50,791 shares during the last quarter. Advisor Group Inc. raised its position in Yamana Gold by 60.7% during the 4th quarter. Advisor Group Inc. now owns 35,022 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 13,229 shares during the last quarter. Fiera Capital Corp raised its position in Yamana Gold by 7.7% during the 4th quarter. Fiera Capital Corp now owns 224,900 shares of the basic materials company’s stock valued at $530,000 after purchasing an additional 16,000 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Yamana Gold by 2.8% during the 4th quarter. CIBC Asset Management Inc now owns 596,030 shares of the basic materials company’s stock valued at $1,402,000 after purchasing an additional 16,058 shares during the last quarter. Institutional investors and hedge funds own 43.71% of the company’s stock.

Yamana Gold Company Profile

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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Analyst Recommendations for Yamana Gold (NYSE:AUY)

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