Yamana Gold Inc. (AUY) Shares Down 1.5%
Yamana Gold Inc. (NYSE:AUY)’s share price fell 1.5% during mid-day trading on Thursday . The company traded as low as $5.56 and last traded at $5.76, with a volume of 7,477,317 shares traded. The stock had previously closed at $5.85.
A number of research firms have issued reports on AUY. CIBC raised their price target on shares of Yamana Gold from $2.70 to $3.20 in a research report on Friday, April 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $5.75 target price (up from $5.10) on shares of Yamana Gold in a report on Friday, May 6th. HSBC reaffirmed a “buy” rating on shares of Yamana Gold in a report on Thursday. BMO Capital Markets raised shares of Yamana Gold from a “market perform” rating to an “outperform” rating in a report on Thursday, May 12th. Finally, Vetr lowered shares of Yamana Gold from a “buy” rating to a “hold” rating and set a $3.22 target price for the company. in a report on Tuesday, March 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $4.09.
The stock has a 50 day moving average of $4.92 and a 200 day moving average of $3.49. The firm’s market cap is $5.59 billion.
Yamana Gold (NYSE:AUY) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The company had revenue of $430.30 million for the quarter, compared to analysts’ expectations of $431.54 million. Yamana Gold’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) EPS. Equities analysts forecast that Yamana Gold Inc. will post $0.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, June 28th.
Other large investors recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its stake in Yamana Gold by 20,173.3% in the fourth quarter. Schroder Investment Management Group now owns 935,615 shares of the company’s stock valued at $1,743,000 after buying an additional 931,000 shares during the period. Wells Fargo & Company MN boosted its stake in Yamana Gold by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 914,318 shares of the company’s stock valued at $1,700,000 after buying an additional 3,932 shares during the period. BHF Kleinwort Benson Group S.A. bought a new stake in Yamana Gold during the fourth quarter valued at approximately $2,233,000. State of Wisconsin Investment Board boosted its stake in Yamana Gold by 6.3% in the fourth quarter. State of Wisconsin Investment Board now owns 2,238,091 shares of the company’s stock valued at $4,141,000 after buying an additional 132,700 shares during the period. Finally, Gabelli Funds LLC boosted its stake in Yamana Gold by 7,333.3% in the fourth quarter. Gabelli Funds LLC now owns 1,115,000 shares of the company’s stock valued at $2,074,000 after buying an additional 1,100,000 shares during the period.
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.
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