Yamana Gold Inc. (AUY) Sees Strong Trading Volume
Yamana Gold Inc. (NYSE:AUY) saw an uptick in trading volume on Wednesday . 16,654,415 shares were traded 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.
Several research firms have issued reports on AUY. HSBC upgraded Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price objective for the company in a research report on Monday, July 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $5.75 price objective (up previously from $5.10) on shares of Yamana Gold in a research report on Friday, May 6th. BMO Capital Markets upgraded Yamana Gold from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. Vetr upgraded Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $5.36 price objective for the company in a research report on Thursday, May 12th. Finally, Zacks Investment Research cut Yamana Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.75.
The firm’s market cap is $4.43 billion. The stock has a 50 day moving average price of $5.58 and a 200 day moving average price of $4.37.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The business earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. On average, equities research analysts predict that Yamana Gold Inc. will post $0.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders 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 0.45%.
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.