Scotiabank set a $4.00 target price on Yamana Gold (NYSE:AUY) (TSE:YRI) in a report released on Monday morning. The firm currently has a hold rating on the basic materials company’s stock.
Several other brokerages also recently weighed in on AUY. TheStreet upgraded shares of Yamana Gold from a d+ rating to a c- rating in a report on Friday, December 29th. ValuEngine upgraded shares of Yamana Gold from a sell rating to a hold rating in a report on Tuesday, January 9th. BMO Capital Markets reiterated a hold rating and issued a $3.00 price target on shares of Yamana Gold in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Yamana Gold from a strong sell rating to a hold rating in a report on Friday, October 20th. Finally, Royal Bank of Canada set a $4.00 price target on shares of Yamana Gold and gave the stock a buy rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $3.46.
Yamana Gold (NYSE AUY) opened at $3.33 on Monday. Yamana Gold has a fifty-two week low of $2.21 and a fifty-two week high of $3.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.62. The firm has a market cap of $3,150.00, a P/E ratio of -9.00 and a beta of 0.63.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Yamana Gold had a negative net margin of 20.19% and a positive return on equity of 0.71%. analysts expect that Yamana Gold will post 0.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a $0.005 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.02 annualized dividend and a yield of 0.60%. Yamana Gold’s dividend payout ratio is presently -5.41%.
A number of institutional investors have recently added to or reduced their stakes in AUY. Timber Hill LLC boosted its position in Yamana Gold by 233.3% in the 3rd quarter. Timber Hill LLC now owns 38,716 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 27,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in 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 purchasing an additional 6,616 shares in the last quarter. Stephens Inc. AR boosted its position in Yamana Gold by 1.1% in the 2nd quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 499 shares in the last quarter. Creative Planning boosted its position in Yamana Gold by 171.1% in the 4th quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 23,399 shares in the last quarter. Finally, QCM Cayman Ltd. purchased a new stake in Yamana Gold in the 2nd quarter worth approximately $117,000. Institutional investors and hedge funds own 40.55% of the company’s stock.
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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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