Yamana Gold Inc. (AUY) Sets New 12-Month High at $5.91
Yamana Gold Inc. (NYSE:AUY) shares reached a new 52-week high on Friday . The stock traded as high as $5.91 and last traded at $5.90, with a volume of 7,660,870 shares traded. The stock had previously closed at $5.66.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a research report on Friday. HSBC reaffirmed a “buy” rating on shares of Yamana Gold in a research report on Thursday. Credit Suisse Group AG raised Yamana Gold from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $4.50 to $6.50 in a research report on Thursday, June 30th. Vetr cut Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 price objective for the company. in a research report on Monday, June 6th. Finally, BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Yamana Gold presently has a consensus rating of “Buy” and a consensus target price of $4.09.
The firm has a 50-day moving average price of $4.92 and a 200 day moving average price of $3.49. The stock’s market cap is $5.59 billion.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. During the same period in the prior year, the firm posted ($0.04) earnings per share. The company had revenue of $430.30 million for the quarter, compared to the consensus estimate of $431.54 million. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts expect that Yamana Gold Inc. will post $0.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders 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 0.34%. The ex-dividend date is Tuesday, June 28th.
A number of hedge funds recently modified their holdings of AUY. Teacher Retirement System of Texas bought a new stake in shares of Yamana Gold during the fourth quarter worth approximately $5,580,000. Sei Investments Co. raised its stake in shares of 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 in the last quarter. BHF Kleinwort Benson Group S.A. bought a new stake in shares of Yamana Gold during the fourth quarter worth approximately $2,233,000. Gabelli Funds LLC raised its stake in shares of 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 in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of 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 in 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.
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