Yamana Gold Inc. (NYSE:AUY) shares dropped 1.1% during mid-day trading on Monday . The stock traded as low as $5.59 and last traded at $5.62, with a volume of 13,731,392 shares. The stock had previously closed at $5.68.

AUY has been the subject of several recent analyst reports. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $3.50 target price on shares of Yamana Gold in a report on Thursday, May 5th. Barclays PLC lifted their target price on shares of Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th. Vetr cut shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 target price for the company. in a report on Monday, June 6th. HSBC reaffirmed a “hold” rating and issued a $5.00 target price (up from $3.40) on shares of Yamana Gold in a report on Thursday, May 12th. Finally, Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a report on Friday, July 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $4.75.

The stock’s market capitalization is $5.31 billion. The firm has a 50-day moving average price of $5.64 and a 200-day moving average price of $4.22.

Yamana Gold (NYSE:AUY) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. During the same quarter in the prior year, the company earned ($0.01) EPS. The firm had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Yamana Gold Inc. will post $0.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Wednesday, September 28th.

Other institutional investors recently made changes to their positions in the company. Schroder Investment Management Group raised 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 valued at $1,743,000 after buying an additional 931,000 shares during the last quarter. Bridgewater Associates LP raised its position in shares of Yamana Gold by 16.3% in the fourth quarter. Bridgewater Associates LP now owns 1,424,468 shares of the company’s stock valued at $2,650,000 after buying an additional 199,768 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Yamana Gold by 47.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,119,251 shares of the company’s stock valued at $11,321,000 after buying an additional 1,960,925 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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