Yamana Gold Inc. (AUY) Shares Up 1.8%
Shares of Yamana Gold Inc. (NYSE:AUY) shot up 1.8% during trading on Friday . The stock traded as high as $4.71 and last traded at $4.54, with a volume of 14,070,851 shares changing hands. The stock had previously closed at $4.46.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a research report on Friday, July 8th. HSBC reiterated a “buy” rating on shares of Yamana Gold in a research report on Thursday, July 7th. TD Securities reiterated a “buy” rating and set a $7.50 price target (up from $7.00) on shares of Yamana Gold in a research report on Wednesday, August 3rd. Barclays PLC lifted their price target on Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 8th. Finally, Credit Suisse Group AG upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $4.50 to $6.50 in a research report on Thursday, June 30th. One 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. Yamana Gold currently has a consensus rating of “Hold” and a consensus price target of $4.75.
The stock’s 50 day moving average price is $5.58 and its 200-day moving average price is $4.37. The stock’s market capitalization is $4.19 billion.
Yamana Gold (NYSE:AUY) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.01. During the same period in the previous year, the business earned ($0.01) EPS. The company had revenue of $466.50 million for the quarter, compared to analysts’ expectations of $466.44 million. Yamana Gold’s revenue was up 2.5% compared to the same quarter last year. 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 $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.45%. The ex-dividend date 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.
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