Yamana Gold (NYSE:AUY) Stock Rating Reaffirmed by Berenberg Bank
Berenberg Bank reiterated their buy rating on shares of Yamana Gold (NYSE:AUY) (TSE:YRI) in a research report released on Wednesday, The Fly reports.
A number of other research firms have also recently commented on AUY. TheStreet upgraded shares of Yamana Gold from a c+ rating to a b- rating in a report on Monday, February 22nd. Barclays upgraded Yamana Gold from an underweight rating to an equal weight rating and set a $5.50 target price on the stock in a research note on Wednesday, January 6th. National Bank Financial restated a sector perform rating on shares of Yamana Gold in a research note on Wednesday, January 27th. TD Securities increased their price objective on Yamana Gold from $8.50 to $9.00 and gave the company a buy rating in a research report on Thursday, December 17th. Finally, CSFB set a $7.00 price objective on Yamana Gold and gave the stock an outperform rating in a report on Friday, February 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $7.75.
Yamana Gold stock opened at $4.50 on Wednesday. Yamana Gold has a 12 month low of $3.33 and a 12 month high of $7.02. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 0.27 and a beta of 1.40. The business’s fifty day simple moving average is $4.42 and its two-hundred day simple moving average is $5.22. The company has a current ratio of 1.44, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 14th. Shareholders of record on Wednesday, March 31st will be issued a $0.0263 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, March 30th. Yamana Gold’s dividend payout ratio is 76.92%.
A number of large investors have recently made changes to their positions in the business. Park National Corp OH purchased a new stake in shares of Yamana Gold during the 1st quarter valued at about $195,000. DekaBank Deutsche Girozentrale raised its position in Yamana Gold by 13.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 738,027 shares of the basic materials company’s stock worth $4,145,000 after acquiring an additional 85,764 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in Yamana Gold by 7.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,573,086 shares of the basic materials company’s stock worth $14,692,000 after acquiring an additional 181,774 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Yamana Gold during the 4th quarter worth $2,550,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Yamana Gold by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,495,132 shares of the basic materials company’s stock valued at $14,247,000 after acquiring an additional 61,805 shares during the period. 45.01% of the stock is currently owned by institutional investors and hedge funds.
About Yamana Gold
Yamana Gold Inc, together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina producer. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.
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