Yamana Gold Inc. (NYSE:AUY) shares traded up 3.1% during trading on Wednesday . The company traded as high as $5.94 and last traded at $5.92, with a volume of 5,853,304 shares changing hands. The stock had previously closed at $5.74.

A number of research analysts have recently commented on the company. CIBC increased their price objective on Yamana Gold from $2.70 to $3.20 in a report on Friday, April 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $5.75 target price (up previously 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, July 7th. BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating in a report on Thursday, May 12th. Finally, Vetr lowered Yamana Gold from a “buy” rating to a “hold” rating and set a $3.22 target price on the stock. in a report on Tuesday, March 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $4.09.

The firm’s market capitalization is $5.59 billion. The stock’s 50-day moving average is $4.99 and its 200 day moving average is $3.56.

Yamana Gold (NYSE:AUY) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. During the same period last year, the firm earned ($0.04) EPS. The business had revenue of $430.30 million for the quarter, compared to analyst estimates of $431.54 million. Yamana Gold’s quarterly revenue was down 6.1% compared to the same quarter last year. Analysts expect that Yamana Gold Inc. will post $0.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, June 28th.

A number of institutional investors have made changes to their positions in AUY. Wells Fargo & Company MN increased its position in shares of Yamana Gold by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 914,318 shares of the company’s stock worth $1,700,000 after buying an additional 3,932 shares during the period. 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 during 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 during the last quarter. BHF Kleinwort Benson Group S.A. purchased 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 during 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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