Yamana Gold Inc. (AUY) Sees Strong Trading Volume
Shares of Yamana Gold Inc. (NYSE:AUY) saw an uptick in trading volume on Wednesday . 19,202,713 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 15,422,627 shares.The stock last traded at $5.30 and had previously closed at $5.50.
A number of brokerages have weighed in on AUY. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $3.50 price target on shares of Yamana Gold in a research note on Thursday, May 5th. Royal Bank Of Canada reaffirmed 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. Zacks Investment Research lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. 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, HSBC reaffirmed a “hold” rating and issued a $5.00 price target (up previously from $3.40) on shares of Yamana Gold in a research note on Thursday, May 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $4.75.
The company’s 50-day moving average is $5.67 and its 200-day moving average is $4.26. The company’s market cap is $5.12 billion.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. The firm had revenue of $466.50 million for the quarter, compared to the consensus estimate of $466.44 million. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted ($0.01) earnings per share. Analysts predict that Yamana Gold Inc. will post $0.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, September 28th.
Several institutional investors have recently modified their holdings of AUY. Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $11,321,000 after buying an additional 1,960,925 shares in the last quarter. Bridgewater Associates LP boosted 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 worth $2,650,000 after buying an additional 199,768 shares in the last quarter. Finally, Schroder Investment Management Group boosted 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 worth $1,743,000 after buying an additional 931,000 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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