Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Stock analysts at National Bank Financial boosted their FY2016 EPS estimates for shares of Yamana Gold in a research report issued on Monday. National Bank Financial analyst S. Parsons now expects that the firm will post earnings of $0.06 per share for the year, up from their previous estimate of $0.04. National Bank Financial also issued estimates for Yamana Gold’s Q4 2016 earnings at $0.01 EPS.

AUY has been the topic of several other research reports. TD Securities reaffirmed a “buy” rating and set a $6.00 price target on shares of Yamana Gold in a research report on Saturday, November 26th. RBC Capital Markets raised Yamana Gold from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from $7.00 to $4.50 in a research report on Monday, December 12th. Zacks Investment Research lowered Yamana Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, November 23rd. BMO Capital Markets lowered Yamana Gold from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $6.00 to $3.25 in a research report on Monday, December 19th. Finally, Royal Bank Of Canada raised Yamana Gold from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from $7.00 to $4.50 in a research report on Monday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $4.61.

Earnings History and Estimates for Yamana Gold (NYSE:AUY)

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Yamana Gold (NYSE:AUY) opened at 3.44 on Thursday. Yamana Gold has a 12-month low of $2.46 and a 12-month high of $5.99. The firm’s market cap is $3.26 billion. The stock’s 50 day moving average is $3.26 and its 200 day moving average is $3.79.

“FY2016 EPS Estimates for Yamana Gold Inc. (AUY) Lifted by Analyst” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was stolen and republished in violation of US & international trademark and copyright law. The correct version of this story can be accessed at http://www.watchlistnews.com/fy2016-eps-estimates-for-yamana-gold-inc-auy-lifted-by-analyst/1121494.html.

Several hedge funds and other institutional investors have recently made changes to their positions in AUY. Fiera Capital Corp increased its position in shares of Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock valued at $113,726,000 after buying an additional 10,298,487 shares during the period. Renaissance Technologies LLC bought a new position in shares of Yamana Gold during the fourth quarter valued at $20,269,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Yamana Gold by 593.7% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,721,612 shares of the company’s stock valued at $21,027,000 after buying an additional 3,185,100 shares during the period. Sprott Inc. increased its position in shares of Yamana Gold by 4,297.2% in the second quarter. Sprott Inc. now owns 3,235,366 shares of the company’s stock valued at $16,824,000 after buying an additional 3,161,788 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Yamana Gold during the third quarter valued at $9,835,000. Institutional investors own 46.77% of the company’s stock.

About Yamana Gold

Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.

5 Day Chart for NYSE:AUY

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