Yamana Gold Inc. (AUY) Shares Down 3.6%
Shares of Yamana Gold Inc. (NYSE:AUY) were down 3.6% during mid-day trading on Tuesday . The company traded as low as $4.29 and last traded at $4.29, with a volume of 11,400,448 shares. The stock had previously closed at $4.45.
A number of analysts recently issued reports on AUY shares. Credit Suisse Group AG reissued a “hold” rating and set a $3.50 target price on shares of Yamana Gold in a research note on Thursday, May 5th. Barclays PLC increased their target price on Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th. Vetr cut shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 price target for the company. in a research note on Monday, June 6th. HSBC reaffirmed a “hold” rating and set a $5.00 price target (up from $3.40) on shares of Yamana Gold in a research note on Thursday, May 12th. Finally, Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price target for the company in a research note on Friday, July 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Yamana Gold presently has a consensus rating of “Hold” and an average target price of $4.75.
The firm’s market capitalization is $3.88 billion. The stock’s 50 day moving average is $5.41 and its 200 day moving average is $4.43.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The business earned $466.50 million during the quarter, compared to analysts’ expectations of $466.44 million. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that Yamana Gold Inc. will post $0.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend 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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