Yamana Gold Inc. (AUY) Shares Down 1.5%
Yamana Gold Inc. (NYSE:AUY) shares fell 1.5% on Thursday . The stock traded as low as $5.56 and last traded at $5.76, with a volume of 7,477,317 shares traded. The stock had previously closed at $5.85.
Several brokerages have recently weighed in on AUY. HSBC reiterated a “buy” rating on shares of Yamana Gold in a research note on Thursday. Zacks Investment Research cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Credit Suisse Group AG restated a “hold” rating and set a $3.50 target price on shares of Yamana Gold in a research note on Thursday, May 5th. Vetr cut shares of Yamana Gold from a “buy” rating to a “hold” rating and set a $3.22 target price on the stock. in a research note on Tuesday, March 29th. Finally, BMO Capital Markets upgraded shares of Yamana Gold from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.88.
The company has a 50-day moving average price of $4.89 and a 200-day moving average price of $3.46. The stock’s market capitalization is $5.36 billion.
Yamana Gold (NYSE:AUY) last announced its quarterly 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. During the same period last year, the company posted ($0.04) earnings per share. The firm had revenue of $430.30 million for the quarter, compared to analysts’ expectations of $431.54 million. The business’s quarterly revenue was down 6.1% on a year-over-year basis. Equities analysts predict that Yamana Gold Inc. will post $0.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Tuesday, June 28th.
Other institutional investors recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in Yamana Gold during the fourth quarter valued at about $5,580,000. 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 valued at $2,961,000 after buying an additional 1,592,016 shares during the last quarter. BHF Kleinwort Benson Group S.A. bought a new position in Yamana Gold during the fourth quarter valued at about $2,233,000. 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 valued at $2,074,000 after buying an additional 1,100,000 shares during the last quarter. Finally, 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 valued at $1,743,000 after buying an additional 931,000 shares during the last quarter.
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.