Yamana Gold (YRI) Earns Hold Rating from Desjardins
Desjardins restated their hold rating on shares of Yamana Gold (TSE:YRI) (NYSE:AUY) in a research report report published on Monday. Desjardins also issued estimates for Yamana Gold’s Q4 2017 earnings at $0.01 EPS, FY2017 earnings at $0.06 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.17 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.05 EPS and FY2019 earnings at $0.21 EPS.
Other equities analysts have also issued research reports about the company. Eight Capital reiterated a buy rating on shares of Yamana Gold in a research note on Thursday, November 16th. National Bank Financial lowered Yamana Gold from an outperform rating to a sector perform rating and lowered their target price for the stock from C$6.25 to C$4.75 in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of C$5.28.
Yamana Gold (TSE:YRI) opened at C$3.35 on Monday. Yamana Gold has a 52 week low of C$2.84 and a 52 week high of C$4.80.
In related news, insider Ross Douglas Gallinger purchased 14,500 shares of Yamana Gold stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average price of C$3.43 per share, with a total value of C$49,735.00. Also, Director Peter Marrone purchased 50,000 shares of Yamana Gold stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average cost of C$3.40 per share, for a total transaction of C$170,000.00. Insiders have purchased 144,400 shares of company stock worth $496,226 in the last three months.
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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