Yamana Gold Inc. (NYSE:AUY) rose 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. The stock had previously closed at $5.74.

AUY has been the subject of a number of analyst reports. Vetr raised Yamana Gold from a “hold” rating to a “buy” rating and set a $3.06 price objective for the company in a research note on Monday, March 28th. CIBC lifted their price objective on Yamana Gold from $2.70 to $3.20 in a research note on Friday, April 8th. Credit Suisse Group AG raised Yamana Gold from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $4.50 to $6.50 in a research note on Thursday, June 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $5.75 price objective (up from $5.10) on shares of Yamana Gold in a research note on Friday, May 6th. Finally, BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. 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 assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $4.09.

The company’s 50 day moving average price is $5.08 and its 200 day moving average price is $3.59. The stock’s market cap is $5.57 billion.

Yamana Gold (NYSE:AUY) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The firm earned $430.30 million during the quarter, compared to the consensus estimate of $431.54 million. The firm’s revenue was down 6.1% on a year-over-year basis. Equities research analysts anticipate that Yamana Gold Inc. will post $0.15 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th were paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Tuesday, June 28th.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group boosted its position in shares of Yamana Gold by 20,173.3% in the fourth quarter. Schroder Investment Management Group now owns 935,615 shares of the company’s stock worth $1,743,000 after buying an additional 931,000 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Yamana Gold by 7,333.3% in the fourth quarter. Gabelli Funds LLC now owns 1,115,000 shares of the company’s stock worth $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 shares of Yamana Gold during the fourth quarter worth approximately $2,233,000. Sei Investments Co. boosted its position in shares of 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 worth $2,961,000 after buying an additional 1,592,016 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in shares of 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 worth $4,141,000 after buying an additional 132,700 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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