Royal Bank Of Canada Analysts Give Yamana Gold Inc. (AUY) a $4.00 Price Target
Royal Bank Of Canada set a $4.00 price objective on Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in a report published on Tuesday morning. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other research analysts also recently commented on the company. Vetr upgraded Yamana Gold from a buy rating to a strong-buy rating and set a $3.33 price objective on the stock in a report on Wednesday, April 19th. TD Securities reiterated a buy rating and issued a $5.50 price objective on shares of Yamana Gold in a report on Thursday, May 4th. BidaskClub downgraded Yamana Gold from a hold rating to a sell rating in a report on Tuesday, June 20th. Scotiabank increased their price objective on Yamana Gold from $3.50 to $4.00 and gave the company a sector perform rating in a report on Friday, May 5th. Finally, BMO Capital Markets reiterated a hold rating and issued a $3.25 price objective on shares of Yamana Gold in a report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Yamana Gold currently has an average rating of Hold and an average price target of $4.06.
Shares of Yamana Gold (NYSE:AUY) opened at 2.62 on Tuesday. The firm’s market cap is $2.48 billion. The firm has a 50-day moving average price of $2.48 and a 200 day moving average price of $2.82. Yamana Gold has a one year low of $2.21 and a one year high of $5.98.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Yamana Gold had a positive return on equity of 0.44% and a negative net margin of 19.31%. The company had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $423.20 million. During the same quarter last year, the company earned $0.03 EPS. Yamana Gold’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts forecast that Yamana Gold will post $0.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.005 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.76%. Yamana Gold’s dividend payout ratio (DPR) is presently -5.41%.
Several hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Yamana Gold during the first quarter worth about $111,000. Virtu Financial LLC purchased a new stake in shares of Yamana Gold during the second quarter worth about $107,000. Creative Planning boosted its stake in shares of Yamana Gold by 76.6% in the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock worth $111,000 after buying an additional 19,795 shares during the period. Stephens Inc. AR boosted its stake in shares of Yamana Gold by 3.0% in the first quarter. Stephens Inc. AR now owns 47,412 shares of the basic materials company’s stock worth $131,000 after buying an additional 1,381 shares during the period. Finally, Korea Investment CORP purchased a new stake in shares of Yamana Gold during the first quarter worth about $161,000. 41.37% of the stock is owned by hedge funds and other institutional investors.
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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