Yamana Gold Inc. (AUY) Stock Price Up 3.7%
Yamana Gold Inc. (NYSE:AUY)’s share price rose 3.7% on Wednesday . The company traded as high as $5.72 and last traded at $5.66, with a volume of 6,983,269 shares traded. The stock had previously closed at $5.46.
AUY has been the topic of a number of recent analyst reports. HSBC raised shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price target on the stock in a research note on Monday. Credit Suisse Group AG raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $4.50 to $6.50 in a research note on Thursday, June 30th. Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Tuesday, April 5th. Vetr lowered 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 report on Monday, June 6th. Finally, Royal Bank Of Canada increased their price objective on shares of Yamana Gold from $2.75 to $4.00 in a research report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Yamana Gold has an average rating of “Buy” and an average price target of $4.25.
The stock has a 50-day moving average price of $5.33 and a 200-day moving average price of $3.82. The firm’s market cap is $5.58 billion.
Yamana Gold (NYSE:AUY) last posted its earnings results on Wednesday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The business earned $430.30 million during the quarter, compared to analyst estimates of $431.54 million. During the same quarter last year, the firm earned ($0.04) earnings per share. Yamana Gold’s revenue was down 6.1% compared to the same quarter last year. Analysts anticipate that Yamana Gold Inc. will post $0.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, June 28th.
Other hedge funds have bought and sold shares of the company. Schroder Investment Management Group boosted its stake 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. BHF Kleinwort Benson Group S.A. purchased a new stake in shares of Yamana Gold during the fourth quarter worth $2,233,000. State of Wisconsin Investment Board boosted its stake in shares of Yamana Gold by 6.3% in the fourth quarter. State of Wisconsin Investment Board now owns 2,238,091 shares of the company’s stock worth $4,141,000 after buying an additional 132,700 shares during the last quarter. Gabelli Funds LLC boosted 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 during the last quarter. Finally, Sei Investments Co. boosted 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 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.
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