Yamana Gold Inc. (AUY) Sees Large Volume Increase
Yamana Gold Inc. (NYSE:AUY) saw strong trading volume on Friday . 23,316,742 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 20,559,687 shares.The stock last traded at $4.49 and had previously closed at $4.25.
A number of equities analysts recently weighed in on the company. HSBC reissued a “hold” rating and issued a $5.00 price target (up previously from $3.40) on shares of Yamana Gold in a research note on Thursday, May 12th. TD Securities reissued a “buy” rating and issued a $7.50 price target (up previously from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Zacks Investment Research cut Yamana Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $5.75 price objective (up from $5.10) on shares of Yamana Gold in a research report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Yamana Gold presently has an average rating of “Hold” and a consensus price target of $4.75.
The firm’s 50-day moving average price is $5.32 and its 200 day moving average price is $4.43. The company’s market cap is $4.33 billion.
Yamana Gold (NYSE:AUY) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. During the same period in the previous year, the company earned ($0.01) EPS. The company earned $466.50 million during the quarter, compared to analyst estimates of $466.44 million. The company’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Yamana Gold Inc. will post $0.15 earnings per share for the current fiscal 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 issued a $0.005 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.44%.
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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