Yamana Gold’s (NYSE:AUY) Hold Rating Reiterated at BMO Capital Markets

Yamana Gold (NYSE:AUY) (TSE:YRI)‘s stock had its “hold” rating reaffirmed by analysts at BMO Capital Markets in a report issued on Wednesday, December 20th. They presently have a $3.00 price objective on the basic materials company’s stock. BMO Capital Markets’ price objective points to a potential downside of 12.79% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada set a $4.00 price target on shares of Yamana Gold and gave the company a “buy” rating in a report on Tuesday, October 17th. TD Securities set a $4.00 price objective on shares of Yamana Gold and gave the company a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a research report on Friday, October 20th. Desjardins restated a “hold” rating on shares of Yamana Gold in a research report on Monday, December 11th. Finally, National Bank Financial downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.46.

Shares of Yamana Gold (AUY) traded up $0.10 on Wednesday, reaching $3.44. 10,780,000 shares of the company’s stock were exchanged, compared to its average volume of 11,540,000. Yamana Gold has a twelve month low of $2.21 and a twelve month high of $3.65. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $3,270.00, a PE ratio of -9.30 and a beta of 0.63.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stephens Inc. AR grew its stake in Yamana Gold by 1.1% during the second quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 499 shares in the last quarter. Afam Capital Inc. grew its stake in shares of Yamana Gold by 0.5% in the 2nd quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock worth $1,768,000 after buying an additional 3,533 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Yamana Gold by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock worth $1,248,000 after buying an additional 5,553 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Yamana Gold by 7.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 82,012 shares of the basic materials company’s stock worth $199,000 after buying an additional 5,823 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Yamana Gold by 16.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock worth $114,000 after buying an additional 6,616 shares in the last quarter. 40.55% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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