Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) shares fell 6.1% on Tuesday . The stock traded as low as $2.60 and last traded at $2.61. 13,537,895 shares changed hands during trading, an increase of 11% from the average session volume of 12,204,968 shares. The stock had previously closed at $2.78.

Several brokerages have recently weighed in on AUY. ValuEngine lowered shares of Yamana Gold from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. BMO Capital Markets upgraded shares of Yamana Gold from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $3.00 to $4.25 in a report on Tuesday, July 31st. TheStreet upgraded shares of Yamana Gold from a “d+” rating to a “c” rating in a report on Friday, July 27th. Finally, Raymond James raised their price target on shares of Yamana Gold from $3.50 to $3.75 and gave the company a “market perform” rating in a report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $3.89.

The company has a current ratio of 1.04, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2.64 billion, a P/E ratio of 32.63 and a beta of 0.87.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, July 26th. The basic materials company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Yamana Gold had a negative net margin of 15.63% and a positive return on equity of 3.49%. The firm had revenue of $431.50 million for the quarter, compared to analyst estimates of $456.05 million. During the same quarter last year, the firm posted ($0.04) earnings per share. Yamana Gold’s revenue for the quarter was up .8% compared to the same quarter last year. analysts forecast that Yamana Gold Inc. will post 0.12 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AUY. SG Americas Securities LLC raised its holdings in Yamana Gold by 37.1% in the first quarter. SG Americas Securities LLC now owns 121,657 shares of the basic materials company’s stock valued at $336,000 after buying an additional 32,903 shares during the period. Swiss National Bank grew its position in Yamana Gold by 7.2% in the first quarter. Swiss National Bank now owns 1,730,900 shares of the basic materials company’s stock valued at $4,777,000 after acquiring an additional 115,700 shares in the last quarter. Strategic Wealth Advisors Group LLC acquired a new stake in Yamana Gold in the first quarter valued at approximately $687,000. Aperio Group LLC grew its position in Yamana Gold by 7.8% in the first quarter. Aperio Group LLC now owns 307,988 shares of the basic materials company’s stock valued at $850,000 after acquiring an additional 22,272 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in Yamana Gold by 4.3% in the first quarter. Toronto Dominion Bank now owns 2,599,498 shares of the basic materials company’s stock valued at $7,174,000 after acquiring an additional 107,477 shares in the last quarter. Hedge funds and other institutional investors own 42.17% of the company’s stock.

Yamana Gold Company Profile (NYSE:AUY)

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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