Yamana Gold Inc. (AUY) Hits New 1-Year High at $5.91
Yamana Gold Inc. (NYSE:AUY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $5.91 and last traded at $5.90, with a volume of 7,660,870 shares traded. The stock had previously closed at $5.66.
A number of equities analysts have issued reports on AUY shares. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $3.50 target price on shares of Yamana Gold in a report on Thursday, May 5th. Royal Bank Of Canada upped their target price on Yamana Gold from $2.75 to $4.00 in a report on Tuesday, April 12th. Vetr cut Yamana Gold from a “hold” rating to a “sell” rating and set a $3.22 target price for the company. in a report on Monday, April 11th. HSBC reaffirmed a “hold” rating and issued a $5.00 target price (up previously from $3.40) on shares of Yamana Gold in a report on Thursday, May 12th. Finally, Zacks Investment Research raised Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 target price for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Yamana Gold presently has a consensus 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 stock’s market cap is $5.59 billion.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. During the same period last year, the firm earned ($0.04) EPS. The firm had revenue of $430.30 million for the quarter, compared to the consensus estimate of $431.54 million. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts expect that Yamana Gold Inc. will post $0.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.34%.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position 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 in the last quarter. Schroder Investment Management Group increased its position 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 in the last quarter. Gabelli Funds LLC increased its position 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 in the last quarter. BHF Kleinwort Benson Group S.A. bought a new position in Yamana Gold during the fourth quarter valued at approximately $2,233,000. Finally, Sei Investments Co. increased its position in Yamana Gold by 2,527,009.5% in the fourth quarter. Sei Investments Co. now owns 1,592,079 shares of the company’s stock valued at $2,961,000 after buying an additional 1,592,016 shares in the last quarter.
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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