Yamana Gold Inc. (AUY) Trading 1.8% Higher
Shares of Yamana Gold Inc. (NYSE:AUY) traded up 1.8% during trading on Friday . The company traded as high as $4.71 and last traded at $4.54, with a volume of 14,070,851 shares trading hands. The stock had previously closed at $4.46.
A number of analysts recently commented on the company. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $3.50 target price on shares of Yamana Gold in a research report on Thursday, May 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.75 price target (up previously from $5.10) on shares of Yamana Gold in a research note on Friday, May 6th. Zacks Investment Research downgraded Yamana Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. BMO Capital Markets upgraded Yamana Gold from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Finally, HSBC reiterated a “hold” rating and set a $5.00 price target (up previously from $3.40) on shares of Yamana Gold in a research note on Thursday, May 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $4.75.
The stock’s 50 day moving average price is $5.54 and its 200 day moving average price is $4.38. The firm’s market cap is $4.19 billion.
Yamana Gold (NYSE:AUY) last announced its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. During the same period last year, the company earned ($0.01) earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Yamana Gold Inc. will post $0.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Wednesday, September 28th.
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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