Yamana Gold (NYSE:AUY) Downgraded to “Sell” at ValuEngine

Yamana Gold (NYSE:AUY) (TSE:YRI) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday, February 2nd.

Other research analysts have also recently issued reports about the company. Credit Suisse Group raised Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price objective on the stock in a research report on Friday, January 26th. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $4.00 price objective on shares of Yamana Gold in a research report on Wednesday, January 31st. Scotiabank set a $4.00 price objective on Yamana Gold and gave the company a “hold” rating in a research report on Monday, January 15th. Finally, TheStreet raised Yamana Gold from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3.61.

Yamana Gold (NYSE AUY) opened at $3.27 on Friday. The stock has a market capitalization of $2,921.38, a PE ratio of -8.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.62. Yamana Gold has a 12-month low of $2.21 and a 12-month high of $3.80.

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Yamana Gold by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock valued at $54,049,000 after purchasing an additional 979,468 shares during the period. Mackenzie Financial Corp raised its stake in Yamana Gold by 1.7% during the 3rd quarter. Mackenzie Financial Corp now owns 7,414,900 shares of the basic materials company’s stock valued at $19,649,000 after purchasing an additional 122,420 shares during the period. Ameriprise Financial Inc. bought a new stake in Yamana Gold during the 2nd quarter valued at approximately $11,066,000. Russell Investments Group Ltd. raised its stake in Yamana Gold by 36.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 303,424 shares of the basic materials company’s stock valued at $802,000 after purchasing an additional 81,198 shares during the period. Finally, Formula Growth Ltd. bought a new stake in Yamana Gold during the 3rd quarter valued at approximately $11,568,000. 40.20% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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