Yamana Gold (NYSE:AUY) (TSE:YRI) had its price objective decreased by Raymond James from $3.25 to $2.75 in a research note issued to investors on Friday, BayStreet.CA reports. Raymond James currently has a market perform rating on the basic materials company’s stock.

Other research analysts also recently issued research reports about the stock. Credit Suisse Group set a $4.00 target price on shares of Yamana Gold and gave the company a buy rating in a research report on Friday, February 15th. Zacks Investment Research raised shares of Yamana Gold from a sell rating to a buy rating and set a $2.75 target price for the company in a research report on Thursday, January 10th. TheStreet raised shares of Yamana Gold from a d rating to a c- rating in a research report on Tuesday, February 19th. Desjardins reaffirmed a hold rating on shares of Yamana Gold in a research report on Monday, April 22nd. Finally, ValuEngine raised shares of Yamana Gold from a sell rating to a hold rating in a research report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Yamana Gold presently has an average rating of Hold and an average target price of $3.13.

Yamana Gold stock opened at $2.12 on Friday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 17.67 and a beta of 0.71. Yamana Gold has a 1-year low of $2.00 and a 1-year high of $3.23. The company has a quick ratio of 0.50, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $407.10 million during the quarter, compared to the consensus estimate of $414.49 million. Yamana Gold had a negative net margin of 7.41% and a positive return on equity of 3.09%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.17) earnings per share. On average, research analysts anticipate that Yamana Gold will post 0.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, March 28th. Yamana Gold’s dividend payout ratio (DPR) is presently 16.67%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Yamana Gold by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 137,931,828 shares of the basic materials company’s stock valued at $325,519,000 after acquiring an additional 3,572,645 shares during the period. Vanguard Group Inc grew its position in shares of Yamana Gold by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 22,918,829 shares of the basic materials company’s stock valued at $57,068,000 after acquiring an additional 769,763 shares during the period. Vanguard Group Inc. grew its position in shares of Yamana Gold by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 22,918,829 shares of the basic materials company’s stock valued at $57,068,000 after acquiring an additional 769,763 shares during the period. Deutsche Bank AG grew its position in shares of Yamana Gold by 21.4% in the 4th quarter. Deutsche Bank AG now owns 20,177,062 shares of the basic materials company’s stock valued at $47,616,000 after acquiring an additional 3,551,153 shares during the period. Finally, Ruffer LLP bought a new position in shares of Yamana Gold in the 4th quarter valued at about $43,419,000. 45.89% of the stock is owned by institutional investors.

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.

Featured Article: Understanding Options Trading

Analyst Recommendations for Yamana Gold (NYSE:AUY)

Receive News & Ratings for Yamana Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold and related companies with MarketBeat.com's FREE daily email newsletter.