Yamana Gold Inc. (AUY) Shares Up 3.7%
Shares of Yamana Gold Inc. (NYSE:AUY) shot up 3.7% on Wednesday . The company traded as high as $5.72 and last traded at $5.66, with a volume of 6,983,269 shares trading hands. The stock had previously closed at $5.46.
A number of equities analysts have recently commented on AUY shares. Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a report on Friday, July 8th. HSBC reiterated a “buy” rating on shares of Yamana Gold in a report on Thursday, July 7th. Credit Suisse Group AG upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $4.50 to $6.50 in a report on Thursday, June 30th. BMO Capital Markets upgraded shares of Yamana Gold from a “market perform” rating to an “outperform” rating in a report on Thursday, May 12th. Finally, Vetr lowered shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 price target on the stock. in a report on Monday, June 6th. One research 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 currently has an average rating of “Buy” and an average target price of $4.25.
The firm’s market capitalization is $5.40 billion. The company has a 50 day moving average of $5.37 and a 200-day moving average of $3.85.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Yamana Gold Inc. will post $0.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were given a dividend of $0.005 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.02 annualized dividend and a yield of 0.34%.
A number of large investors have recently made changes to their positions in AUY. Russell Frank Co boosted its stake in shares of 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. BHF Kleinwort Benson Group S.A. purchased a new stake in shares of Yamana Gold during the fourth quarter valued at $2,233,000. Gabelli Funds LLC boosted its stake 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 valued at $2,074,000 after buying an additional 1,100,000 shares during the last quarter. Schroder Investment Management Group boosted its stake 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 valued at $1,743,000 after buying an additional 931,000 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its stake 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 valued at $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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