Yamana Gold Inc. (AUY) Stock Price Up 5%
Yamana Gold Inc. (NYSE:AUY) shares rose 5% on Thursday . The stock traded as high as $4.25 and last traded at $4.23, with a volume of 16,554,174 shares trading hands. The stock had previously closed at $4.03.
AUY has been the topic of several research reports. HSBC reiterated a “buy” rating on shares of Yamana Gold in a research note on Thursday, July 7th. 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 note on Monday, June 6th. TD Securities reiterated a “buy” rating and issued a $7.50 price objective (up previously from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Barclays PLC upped 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 note on Monday, August 8th. Finally, Zacks Investment Research lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $4.75.
The company’s market capitalization is $4.03 billion. The firm’s 50 day moving average price is $5.41 and its 200 day moving average price is $4.43.
Yamana Gold (NYSE:AUY) last announced 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. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The business had revenue of $466.50 million for the quarter, compared to analysts’ expectations of $466.44 million. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Yamana Gold Inc. will post $0.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.50%. 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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