Yamana Gold Inc. (NYSE:AUY)’s share price dropped 4.8% during mid-day trading on Wednesday . The stock traded as low as $5.51 and last traded at $5.56, with a volume of 7,839,454 shares changing hands. The stock had previously closed at $5.84.

Several equities research analysts have recently weighed in on the company. Credit Suisse Group AG reissued a “hold” rating and set a $3.50 target price on shares of Yamana Gold in a research report on Thursday, May 5th. Royal Bank Of Canada lifted their price target on Yamana Gold from $2.75 to $4.00 in a research report on Tuesday, April 12th. Vetr lowered Yamana Gold from a “hold” rating to a “sell” rating and set a $3.22 price target on the stock. in a research report on Monday, April 11th. HSBC reaffirmed a “hold” rating and set a $5.00 price target (up previously from $3.40) on shares of Yamana Gold in a research 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 price target on the stock in a research report on Friday, July 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $4.09.

The firm’s market cap is $5.13 billion. The firm’s 50 day moving average price is $5.27 and its 200-day moving average price is $3.72.

Yamana Gold (NYSE:AUY) last released its earnings results on Wednesday, May 4th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $430.30 million for the quarter, compared to the consensus estimate of $431.54 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts anticipate that Yamana Gold Inc. will post $0.16 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Tuesday, June 28th.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in AUY. Russell Frank Co increased 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 worth $4,858,000 after buying an additional 631,422 shares in the last quarter. State of Wisconsin Investment Board increased 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 worth $4,141,000 after buying an additional 132,700 shares in the last quarter. 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 worth $2,961,000 after buying an additional 1,592,016 shares in the last quarter. BHF Kleinwort Benson Group S.A. purchased a new position in Yamana Gold during the fourth quarter worth approximately $2,233,000. Finally, 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 worth $2,074,000 after buying an additional 1,100,000 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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