Yamana Gold Inc. (AUY) Shares Up 4.1%
Shares of Yamana Gold Inc. (NYSE:AUY) shot up 4.1% on Thursday . The company traded as high as $5.64 and last traded at $5.56, with a volume of 9,067,725 shares changing hands. The stock had previously closed at $5.34.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a research report on Friday, July 8th. HSBC restated a “buy” rating on shares of Yamana Gold in a research report on Thursday, July 7th. Credit Suisse Group AG upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $4.50 to $6.50 in a research report on Thursday, June 30th. BMO Capital Markets upgraded Yamana Gold from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. Finally, Vetr downgraded Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 price objective for the company. in a research report on Monday, June 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $4.09.
The firm’s market cap is $5.14 billion. The company’s 50 day moving average is $5.30 and its 200 day moving average is $3.74.
Yamana Gold (NYSE:AUY) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The business 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 posted ($0.04) EPS. Yamana Gold’s quarterly revenue was down 6.1% on a year-over-year basis. Equities research analysts forecast 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. Investors of record on Thursday, June 30th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.37%. The ex-dividend date was Tuesday, June 28th.
A number of large investors have bought and sold shares of AUY. Sei Investments Co. raised its stake 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. BHF Kleinwort Benson Group S.A. acquired a new stake in Yamana Gold during the fourth quarter valued at about $2,233,000. Gabelli Funds LLC raised its stake 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. Schroder Investment Management Group raised its stake 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. Finally, Russell Frank Co raised its stake 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 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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