Yamana Gold Inc. (AUY) Lifted to “Neutral” at Dundee Securities
Dundee Securities upgraded shares of Yamana Gold Inc. (NYSE:AUY) from a sell rating to a neutral rating in a research note released on Friday morning, The Fly reports.
Several other equities research analysts have also recently issued reports on the stock. HSBC raised shares of 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. TD Securities reissued a buy rating and issued a $7.50 price objective (up from $7.00) on shares of Yamana Gold in a research report on Wednesday, August 3rd. Barclays PLC boosted 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. Zacks Investment Research cut shares of Yamana Gold from a buy rating to a hold rating in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group AG raised shares of Yamana Gold from a neutral rating to an outperform rating and boosted their price objective for the company from $4.50 to $6.50 in a research report on Thursday, June 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Yamana Gold currently has a consensus rating of Hold and an average target price of $5.02.
Shares of Yamana Gold (NYSE:AUY) opened at 3.79 on Friday. The stock’s 50 day moving average is $4.23 and its 200-day moving average is $4.74. Yamana Gold has a 12-month low of $1.38 and a 12-month high of $5.99. The stock’s market cap is $3.59 billion.
Yamana Gold (NYSE:AUY) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The firm had revenue of $466.50 million for the quarter, compared to analysts’ expectations of $466.44 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. Yamana Gold’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts expect that Yamana Gold will post $0.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, September 28th. Yamana Gold’s dividend payout ratio is presently -1.01%.
A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Yamana Gold by 36.0% in the first quarter. Renaissance Technologies LLC now owns 6,702,275 shares of the company’s stock worth $20,375,000 after buying an additional 1,775,475 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Yamana Gold by 1.4% in the first quarter. UBS Asset Management Americas Inc. now owns 3,747,154 shares of the company’s stock worth $11,415,000 after buying an additional 51,221 shares in the last quarter. Credit Agricole S A boosted its position in Yamana Gold by 7.2% in the first quarter. Credit Agricole S A now owns 8,536,821 shares of the company’s stock worth $25,952,000 after buying an additional 570,289 shares in the last quarter. Commonwealth Equity Services Inc boosted its position in Yamana Gold by 41.2% in the second quarter. Commonwealth Equity Services Inc now owns 72,267 shares of the company’s stock worth $376,000 after buying an additional 21,096 shares in the last quarter. Finally, AXA boosted its position in Yamana Gold by 46.1% in the first quarter. AXA now owns 1,091,400 shares of the company’s stock worth $3,324,000 after buying an additional 344,342 shares in the last quarter. Hedge funds and other institutional investors own 49.64% of the company’s stock.
About Yamana Gold
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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