Yamana Gold Inc. (AUY) Shares Up 4.1%
Yamana Gold Inc. (NYSE:AUY) shot up 4.1% during trading on Thursday . The company traded as high as $5.64 and last traded at $5.56, with a volume of 9,067,725 shares traded. The stock had previously closed at $5.34.
A number of brokerages have recently commented on AUY. CIBC raised their price objective on shares of Yamana Gold from $2.70 to $3.20 in a research note on Friday, April 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.75 price target (up previously from $5.10) on shares of Yamana Gold in a research note on Friday, May 6th. HSBC reissued a “buy” rating on shares of Yamana Gold in a research note on Thursday, July 7th. BMO Capital Markets raised shares of Yamana Gold from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Finally, Vetr cut shares of Yamana Gold from a “buy” rating to a “hold” rating and set a $3.22 price target on the stock. in a research note on Tuesday, March 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $4.09.
The company’s market cap is $5.27 billion. The company has a 50-day moving average of $5.23 and a 200-day moving average of $3.70.
Yamana Gold (NYSE:AUY) last released its quarterly earnings data 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. The business earned $430.30 million during the quarter, compared to analysts’ expectations of $431.54 million. The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. Equities research analysts expect that Yamana Gold Inc. will post $0.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Tuesday, June 28th.
A number of hedge funds and institutional investors have added to or reduced their stakes in AUY. State of Wisconsin Investment Board boosted its position 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 last quarter. Russell Frank Co boosted its position in Yamana Gold by 32.3% in the fourth quarter. Russell Frank Co now owns 2,584,067 shares of the company’s stock valued at $4,858,000 after buying an additional 631,422 shares during the last quarter. Schroder Investment Management Group boosted 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 boosted 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. Finally, BHF Kleinwort Benson Group S.A. acquired a new position in Yamana Gold during the fourth quarter valued at about $2,233,000.
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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