Yamana Gold Inc. (NYSE:AUY) Upgraded to “Hold” at BidaskClub
BidaskClub upgraded shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) from a sell rating to a hold rating in a research report released on Wednesday morning.
A number of other research analysts have also issued reports on AUY. Vetr lowered shares of Yamana Gold from a strong-buy rating to a buy rating and set a $3.33 price objective for the company. in a report on Wednesday, April 12th. Royal Bank Of Canada set a $4.00 price objective on shares of Yamana Gold and gave the company a buy rating in a report on Tuesday. TD Securities reiterated a buy rating and issued a $5.50 price objective on shares of Yamana Gold in a report on Thursday, May 4th. BMO Capital Markets reiterated a hold rating and issued a $3.25 price objective on shares of Yamana Gold in a report on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reiterated a market perform rating and issued a $3.25 price objective on shares of Yamana Gold in a report on Thursday, June 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $4.06.
Yamana Gold (NYSE AUY) traded down 0.199% during midday trading on Wednesday, reaching $2.505. 3,251,027 shares of the company’s stock traded hands. The company’s market cap is $2.37 billion. Yamana Gold has a 52-week low of $2.21 and a 52-week high of $5.98. The stock has a 50-day moving average of $2.49 and a 200 day moving average of $2.82.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $403.50 million during the quarter, compared to the consensus estimate of $423.20 million. Yamana Gold had a positive return on equity of 0.44% and a negative net margin of 19.31%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $0.03 EPS. On average, analysts anticipate that Yamana Gold will post $0.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, June 28th. Yamana Gold’s dividend payout ratio is presently -5.41%.
Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in Yamana Gold during the first quarter worth $111,000. Virtu Financial LLC purchased a new stake in Yamana Gold during the second quarter worth $107,000. Creative Planning increased its stake in Yamana Gold by 76.6% in the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock worth $111,000 after buying an additional 19,795 shares in the last quarter. Stephens Inc. AR increased its stake in Yamana Gold by 3.0% in the first quarter. Stephens Inc. AR now owns 47,412 shares of the basic materials company’s stock worth $131,000 after buying an additional 1,381 shares in the last quarter. Finally, Korea Investment CORP purchased a new stake in Yamana Gold during the first quarter worth $161,000. 41.37% of the stock is owned by institutional investors and hedge funds.
Yamana Gold Company Profile
Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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