Yamana Gold Inc. (AUY) Lifted to Hold at BidaskClub
BidaskClub upgraded shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) from a sell rating to a hold rating in a report issued on Wednesday morning.
Several other equities analysts also recently issued reports on AUY. Vetr downgraded shares of Yamana Gold from a strong-buy rating to a buy rating and set a $3.33 price objective on the stock. in a report on Wednesday, April 12th. TD Securities reaffirmed a buy rating and set a $5.50 price objective on shares of Yamana Gold in a report on Thursday, May 4th. Scotiabank increased their price objective on shares of Yamana Gold from $3.50 to $4.00 and gave the company a sector perform rating in a report on Friday, May 5th. ValuEngine downgraded shares of Yamana Gold from a hold rating to a sell rating in a research note on Friday, June 2nd. Finally, National Bank Financial reissued an outperform market weight rating on shares of Yamana Gold in a research note on Sunday, June 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $4.06.
Shares of Yamana Gold (AUY) opened at 2.62 on Wednesday. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $5.98. The firm has a 50-day moving average of $2.48 and a 200 day moving average of $2.82. The stock’s market cap is $2.48 billion.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $423.20 million. Yamana Gold had a negative net margin of 19.31% and a positive return on equity of 0.44%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. On average, equities analysts forecast that Yamana Gold will post $0.05 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, June 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -5.41%.
A number of institutional investors have recently modified their holdings of AUY. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Yamana Gold during the first quarter worth approximately $111,000. Virtu Financial LLC purchased a new position in shares of Yamana Gold during the second quarter worth approximately $107,000. Creative Planning increased its position 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 increased its position 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 position in shares of Yamana Gold during the first quarter worth approximately $161,000. 41.37% of the stock is currently owned by 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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