Canaccord Genuity Raises Yamana Gold (TSE:YRI) Price Target to C$5.25

Yamana Gold (TSE:YRI) (NYSE:AUY) had its target price upped by Canaccord Genuity from C$4.75 to C$5.25 in a research report report published on Friday morning, BayStreet.CA reports.

A number of other analysts have also recently weighed in on the stock. Eight Capital decreased their target price on shares of Yamana Gold from C$4.75 to C$4.50 in a research note on Tuesday, April 16th. National Bank Financial cut shares of Detour Gold to a hold rating in a research note on Friday, June 28th. Finally, BMO Capital Markets started coverage on shares of Yelp in a research note on Wednesday, April 17th. They issued an outperform rating on the stock.

TSE YRI opened at C$3.71 on Friday. The business’s fifty day moving average is C$3.11. The company has a market capitalization of $3.53 billion and a PE ratio of -27.48. Yamana Gold has a fifty-two week low of C$2.41 and a fifty-two week high of C$4.20. The company has a current ratio of 0.93, a quick ratio of 0.29 and a debt-to-equity ratio of 47.81.

Yamana Gold (TSE:YRI) (NYSE:AUY) last posted its earnings results on Wednesday, May 1st. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$541.27 million for the quarter. As a group, analysts expect that Yamana Gold will post 0.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were paid a $0.005 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.02 annualized dividend and a dividend yield of 0.54%. Yamana Gold’s dividend payout ratio is -14.81%.

In other Yamana Gold news, Senior Officer Daniel Racine acquired 70,000 shares of Yamana Gold stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of C$2.79 per share, with a total value of C$195,545.00. Following the completion of the purchase, the insider now directly owns 369,453 shares in the company, valued at approximately C$1,032,066.96.

About Yamana Gold

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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