Royal Bank Of Canada set a $4.00 price target on Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in a research report report published on Tuesday. The brokerage currently has a buy rating on the basic materials company’s stock.

AUY has been the subject of a number of other reports. BidaskClub raised Yamana Gold from a sell rating to a hold rating in a report on Friday, June 30th. TD Securities set a $4.00 price target on Yamana Gold and gave the stock a buy rating in a report on Monday. Zacks Investment Research downgraded Yamana Gold from a hold rating to a strong sell rating in a report on Thursday, July 6th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $3.25 price target on shares of Yamana Gold in a report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $3.54.

Yamana Gold (AUY) opened at 2.74 on Tuesday. The company’s 50-day moving average price is $2.78 and its 200 day moving average price is $2.68. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $3.95. The firm’s market capitalization is $2.60 billion.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.07). The business had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. Analysts predict that Yamana Gold will post $0.03 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is currently -4.44%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Yamana Gold during the second quarter worth about $107,000. Creative Planning increased its position in shares of Yamana Gold by 76.6% during the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 19,795 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Yamana Gold during the first quarter worth about $111,000. Stephens Inc. AR increased its position in shares of Yamana Gold by 1.1% during the second quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 499 shares in the last quarter. Finally, QCM Cayman Ltd. acquired a new position in Yamana Gold in the 2nd quarter valued at about $117,000. Institutional investors and hedge funds own 42.39% of the company’s stock.

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.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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