Yamana Gold Inc. (AUY) Trading 5% Higher
Yamana Gold Inc. (NYSE:AUY) traded up 5% during mid-day trading on Thursday . The company traded as high as $4.25 and last traded at $4.23, with a volume of 16,554,174 shares changing hands. The stock had previously closed at $4.03.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a research note on Friday, July 8th. HSBC reiterated a “buy” rating on shares of Yamana Gold in a research note on Thursday, July 7th. TD Securities reiterated a “buy” rating and set a $7.50 price objective (up from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Barclays PLC boosted their price objective on shares of Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th. Finally, Credit Suisse Group AG upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $4.50 to $6.50 in a research note on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $4.75.
The firm’s market cap is $4.33 billion. The firm has a 50 day moving average price of $5.32 and a 200 day moving average price of $4.43.
Yamana Gold (NYSE:AUY) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. During the same quarter in the prior year, the company earned ($0.01) EPS. The company earned $466.50 million during the quarter, compared to analysts’ expectations of $466.44 million. The business’s revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Yamana Gold Inc. will post $0.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.005 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.44%.
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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