Yamana Gold (AUY) Stock Rating Reaffirmed by Desjardins
Yamana Gold (NYSE:AUY) (TSE:YRI)‘s stock had its “hold” rating reissued by research analysts at Desjardins in a research note issued on Monday. Desjardins also issued estimates for Yamana Gold’s Q4 2017 earnings at $0.01 EPS, FY2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.05 EPS, FY2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.04 EPS and FY2019 earnings at $0.16 EPS.
AUY has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a research report on Friday, October 20th. National Bank Financial downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 27th. TD Securities set a $4.00 target price on shares of Yamana Gold and gave the stock a “buy” rating in a report on Monday, October 16th. BidaskClub upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Yamana Gold in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $3.54.
Shares of Yamana Gold (NYSE AUY) opened at $2.46 on Monday. The firm has a market cap of $2,361.76, a P/E ratio of 62.25 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.62. Yamana Gold has a 52-week low of $2.21 and a 52-week high of $3.65.
Institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Yamana Gold by 67.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 431,901 shares of the basic materials company’s stock valued at $1,050,000 after acquiring an additional 174,543 shares during the period. CIBC World Markets Inc. acquired a new position in Yamana Gold in the second quarter valued at about $2,127,000. Vanguard Group Inc. raised its stake in Yamana Gold by 4.6% in the second quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock valued at $54,049,000 after purchasing an additional 979,468 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Yamana Gold in the second quarter valued at about $11,066,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Yamana Gold by 24.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,264,389 shares of the basic materials company’s stock valued at $5,458,000 after purchasing an additional 443,658 shares in the last quarter. 40.64% of the stock is owned by institutional investors.
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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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