Yamana Gold Inc. (NYSE:AUY) Upgraded by BidaskClub to Buy
BidaskClub upgraded shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) from a hold rating to a buy rating in a report published on Tuesday morning.
A number of other brokerages have also recently weighed in on AUY. Vetr raised Yamana Gold from a buy rating to a strong-buy rating and set a $3.33 price target on the stock in a research note on Wednesday, April 19th. TD Securities reissued a buy rating and issued a $5.50 price target on shares of Yamana Gold in a research note on Thursday, May 4th. Royal Bank Of Canada set a $4.00 price target on Yamana Gold and gave the stock a buy rating in a research note on Tuesday, July 18th. Scotiabank lifted their price target on Yamana Gold from $3.50 to $4.00 and gave the stock a sector perform rating in a research note on Friday, May 5th. Finally, BMO Capital Markets reissued a hold rating and issued a $3.25 price target on shares of Yamana Gold in a research note on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Yamana Gold currently has an average rating of Hold and a consensus price target of $3.71.
Yamana Gold (NYSE:AUY) traded up 5.040% during midday trading on Tuesday, hitting $2.605. 10,111,827 shares of the company traded hands. The stock’s market cap is $2.47 billion. Yamana Gold has a 12-month low of $2.21 and a 12-month high of $5.98. The stock has a 50 day moving average of $2.49 and a 200 day moving average of $2.81.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $403.50 million for the quarter, compared to analyst estimates of $423.20 million. Yamana Gold had a positive return on equity of 0.44% and a negative net margin of 19.31%. Yamana Gold’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. Equities research analysts predict that Yamana Gold will post $0.05 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.005 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.81%. Yamana Gold’s dividend payout ratio is -5.41%.
Several large investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. raised its stake in shares of Yamana Gold by 13.2% in the first quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock valued at $177,776,000 after buying an additional 7,529,219 shares in the last quarter. Investec Asset Management LTD raised its stake in shares of Yamana Gold by 31.2% in the first quarter. Investec Asset Management LTD now owns 4,480,649 shares of the basic materials company’s stock valued at $12,367,000 after buying an additional 1,065,753 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Yamana Gold by 48.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 241,725 shares of the basic materials company’s stock valued at $583,000 after buying an additional 79,000 shares in the last quarter. Comerica Bank raised its stake in shares of Yamana Gold by 10.1% in the fourth quarter. Comerica Bank now owns 113,769 shares of the basic materials company’s stock valued at $361,000 after buying an additional 10,437 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Yamana Gold by 9.3% in the first quarter. Shell Asset Management Co. now owns 690,073 shares of the basic materials company’s stock valued at $2,533,000 after buying an additional 58,685 shares in the last quarter. Institutional investors and hedge funds own 41.39% of the company’s stock.
About Yamana Gold
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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