Yamana Gold Inc. (AUY) Shares Gap Up to $5.68
Yamana Gold Inc. (NYSE:AUY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.66, but opened at $5.68. Yamana Gold shares last traded at $5.87, with a volume of 9,023,474 shares changing hands.
A number of brokerages recently commented on AUY. Credit Suisse Group AG raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and increased their price target for the company from $4.50 to $6.50 in a report on Thursday, June 30th. BMO Capital Markets raised shares of Yamana Gold from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Zacks Investment Research downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Vetr downgraded shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 price objective for the company. in a research note on Monday, June 6th. Finally, HSBC reissued a “hold” rating and issued a $5.00 price objective (up previously from $3.40) on shares of Yamana Gold in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.88.
The stock’s market cap is $5.54 billion. The stock has a 50-day moving average of $4.86 and a 200-day moving average of $3.44.
Yamana Gold (NYSE:AUY) last released its earnings results on Wednesday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. The business had revenue of $430.30 million for the quarter, compared to analyst estimates of $431.54 million. Yamana Gold’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share. On average, equities research analysts anticipate that Yamana Gold Inc. will post $0.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, June 28th.
Several hedge funds and institutional investors recently bought and sold shares of AUY. Wells Fargo & Company MN increased its position in Yamana Gold by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 914,318 shares of the company’s stock worth $1,700,000 after buying an additional 3,932 shares during the period. Schroder Investment Management Group increased its position in Yamana Gold by 20,173.3% in the fourth quarter. Schroder Investment Management Group now owns 935,615 shares of the company’s stock worth $1,743,000 after buying an additional 931,000 shares during the period. Gabelli Funds LLC increased its position in Yamana Gold by 7,333.3% in the fourth quarter. Gabelli Funds LLC now owns 1,115,000 shares of the company’s stock worth $2,074,000 after buying an additional 1,100,000 shares during the period. BHF Kleinwort Benson Group S.A. bought a new position in Yamana Gold during the fourth quarter worth approximately $2,233,000. Finally, Sei Investments Co. increased its position in Yamana Gold by 2,527,009.5% in the fourth quarter. Sei Investments Co. now owns 1,592,079 shares of the company’s stock worth $2,961,000 after buying an additional 1,592,016 shares during the period.
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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