Yamana Gold Inc. (NYSE:AUY) Given Average Rating of “Hold” by Analysts
Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3.71.
Several brokerages recently weighed in on AUY. Vetr raised shares of Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.33 price target for the company in a research report on Wednesday, April 19th. TD Securities reissued a “buy” rating and set a $5.50 price target on shares of Yamana Gold in a research report on Thursday, May 4th. Scotiabank raised their price target on shares of Yamana Gold from $3.50 to $4.00 and gave the company a “sector perform” rating in a research report on Friday, May 5th. ValuEngine downgraded shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Yamana Gold in a research report on Sunday, June 4th.
A number of large investors have recently bought and sold shares of AUY. Virtu Financial LLC bought a new stake in Yamana Gold during the second quarter worth approximately $107,000. Raymond James Financial Services Advisors Inc. bought a new stake in Yamana Gold during the first quarter worth approximately $111,000. Creative Planning increased its stake in 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 stake in Yamana Gold by 1.1% in the second quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after buying an additional 499 shares during the period. Finally, Korea Investment CORP bought a new stake in Yamana Gold during the first quarter worth approximately $161,000. 41.02% of the stock is owned by institutional investors and hedge funds.
Shares of Yamana Gold (NYSE:AUY) opened at 2.66 on Friday. Yamana Gold has a one year low of $2.21 and a one year high of $5.85. The firm’s 50-day moving average price is $2.49 and its 200-day moving average price is $2.76. The company’s market capitalization is $2.52 billion.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.07. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The business had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $428.65 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. Yamana Gold’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts anticipate that Yamana Gold will post $0.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -4.44%.
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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