TD Securities set a $4.00 target price on Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in a research report released on Monday, October 16th. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada set a $4.00 price objective on shares of Yamana Gold and gave the company a buy rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Yamana Gold from a hold rating to a buy rating in a research note on Saturday, August 19th. Zacks Investment Research cut shares of Yamana Gold from a hold rating to a strong sell rating in a research note on Thursday, July 6th. Finally, BMO Capital Markets restated a hold rating and set a $3.25 price objective on shares of Yamana Gold in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $3.54.
Shares of Yamana Gold (NYSE AUY) traded up 3.24% during midday trading on Monday, hitting $2.55. 9,635,468 shares of the stock were exchanged. The firm’s 50-day moving average is $2.74 and its 200-day moving average is $2.67. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $3.85. The stock’s market cap is $2.42 billion.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). The company 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 20.19% and a positive return on equity of 0.71%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. Equities research analysts predict that Yamana Gold will post $0.04 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, December 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -5.00%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its stake in Yamana Gold by 67.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 431,901 shares of the basic materials company’s stock worth $1,050,000 after purchasing an additional 174,543 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Yamana Gold by 48.5% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 241,725 shares of the basic materials company’s stock worth $583,000 after purchasing an additional 79,000 shares in the last quarter. CIBC World Markets Inc. purchased a new position in Yamana Gold in the 2nd quarter worth about $2,127,000. Ameriprise Financial Inc. purchased a new position in Yamana Gold in the 2nd quarter worth about $11,066,000. Finally, Shell Asset Management Co. increased its stake in Yamana Gold by 8.4% in the 2nd quarter. Shell Asset Management Co. now owns 748,224 shares of the basic materials company’s stock worth $2,432,000 after purchasing an additional 58,151 shares in the last quarter. 42.62% of the stock is currently owned by hedge funds and other 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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