Yamana Gold Inc. (AUY) Sees Large Volume Increase
Yamana Gold Inc. (NYSE:AUY) shares saw strong trading volume on Friday . 23,316,742 shares traded hands during trading, an increase of 13% from the previous session’s volume of 20,559,687 shares.The stock last traded at $4.49 and had previously closed at $4.25.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 target price for the company in a research note on Friday, July 8th. HSBC reissued a “buy” rating on shares of Yamana Gold in a research note on Thursday, July 7th. TD Securities reissued a “buy” rating and set a $7.50 target price (up from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Barclays PLC boosted their target price on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. Finally, Credit Suisse Group AG raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $4.50 to $6.50 in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $4.75.
The stock’s 50 day moving average price is $5.32 and its 200-day moving average price is $4.43. The stock’s market cap is $4.33 billion.
Yamana Gold (NYSE:AUY) last announced its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. During the same period in the prior year, the business earned ($0.01) EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Yamana Gold Inc. will post $0.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors 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 0.44%. 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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