Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) has received an average rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.54.
A number of analysts recently weighed in on AUY shares. Royal Bank Of Canada set a $4.00 price target on Yamana Gold and gave the company a “buy” rating in a research note on Tuesday, October 17th. BidaskClub upgraded Yamana Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. TD Securities set a $4.00 price target on Yamana Gold and gave the company a “buy” rating in a research note on Monday, October 16th. National Bank Financial downgraded Yamana Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded Yamana Gold from a “strong sell” rating to a “hold” rating in a research note on Friday, October 20th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its position in Yamana Gold by 67.8% during the second 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 boosted its position in Yamana Gold by 48.5% during the second 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 stake in Yamana Gold during the second quarter worth $2,127,000. Ameriprise Financial Inc. purchased a new stake in Yamana Gold during the second quarter worth $11,066,000. Finally, Vanguard Group Inc. boosted its position in Yamana Gold by 4.6% during the second quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after purchasing an additional 979,468 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.
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Yamana Gold (AUY) opened at $2.74 on Friday. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $3.65. The firm has a market capitalization of $2,598.89, a P/E ratio of 68.50 and a beta of 0.65. The company has a quick ratio of 0.62, a current ratio of 0.99 and a debt-to-equity ratio of 0.35.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.73%. Yamana Gold’s payout ratio is -5.00%.
Yamana Gold Company Profile
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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