Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $3.18, but opened at $3.28. Yamana Gold shares last traded at $3.28, with a volume of 15810745 shares.

Several equities analysts recently weighed in on AUY shares. National Bank Financial cut Yamana Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 27th. Credit Suisse Group raised Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price objective for the company in a research report on Friday, January 26th. TD Securities set a $4.00 price objective on Yamana Gold and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research raised Yamana Gold from a “strong sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Scotiabank set a $4.00 price objective on Yamana Gold and gave the stock a “hold” rating in a research report on Monday, January 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $3.61.

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.62 and a current ratio of 0.99. The stock has a market cap of $3,111.08, a P/E ratio of -8.20 and a beta of 0.77.

A number of institutional investors and hedge funds have recently modified their holdings of AUY. Ameriprise Financial Inc. bought a new position in Yamana Gold during the second quarter valued at about $11,066,000. Formula Growth Ltd. bought a new position in Yamana Gold during the third quarter valued at about $11,568,000. JPMorgan Chase & Co. increased its stake in Yamana Gold by 6,965.0% during the third quarter. JPMorgan Chase & Co. now owns 2,554,859 shares of the basic materials company’s stock valued at $6,975,000 after acquiring an additional 2,518,697 shares during the period. LMR Partners LLP bought a new position in Yamana Gold during the fourth quarter valued at about $3,723,000. Finally, Shell Asset Management Co. increased its stake in Yamana Gold by 141.2% during the third quarter. Shell Asset Management Co. now owns 1,805,057 shares of the basic materials company’s stock valued at $12,130,000 after acquiring an additional 1,056,833 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

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About Yamana Gold

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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