Yamana Gold Inc. (AUY) Sees Large Volume Increase
Shares of Yamana Gold Inc. (NYSE:AUY) saw unusually-high trading volume on Wednesday . Approximately 16,654,415 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 16,447,180 shares.The stock last traded at $4.70 and had previously closed at $4.99.
AUY has been the topic of several research analyst reports. Barclays PLC increased their price objective on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 8th. Vetr lowered shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 price objective on the stock. in a research report on Monday, June 6th. Credit Suisse Group AG raised shares of 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 research report on Thursday, June 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.75 price objective (up from $5.10) on shares of Yamana Gold in a research report on Friday, May 6th. Finally, Zacks Investment Research downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.75.
The company’s market cap is $4.24 billion. The firm’s 50 day moving average price is $5.65 and its 200-day moving average price is $4.36.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. During the same period last year, the firm earned ($0.01) earnings per share. The firm earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Yamana Gold Inc. will post $0.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Wednesday, September 28th.
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.