Yamana Gold Inc. (AUY) Stock Price Down 1.7%
Yamana Gold Inc. (NYSE:AUY) fell 1.7% on Tuesday . The stock traded as low as $4.99 and last traded at $5.10, with a volume of 17,073,309 shares trading hands. The stock had previously closed at $5.19.
Several research firms have recently weighed in on AUY. Barclays PLC increased their price objective on Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. TD Securities reissued a “buy” rating and issued a $7.50 price objective (up from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Zacks Investment Research downgraded Yamana Gold from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. HSBC raised Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price objective for the company in a report on Monday, July 25th. Finally, Credit Suisse Group AG raised Yamana Gold from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $4.50 to $6.50 in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $4.75.
The stock’s market capitalization is $4.73 billion. The firm’s 50-day moving average price is $5.67 and its 200 day moving average price is $4.36.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The firm earned $466.50 million during the quarter, compared to analyst estimates of $466.44 million. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned ($0.01) EPS. On average, equities analysts forecast 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 dividend of $0.005 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.40%.
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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