Yamana Gold Inc. (YRI) Director Peter Marrone Purchases 50,000 Shares of Stock
Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) Director Peter Marrone bought 50,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of C$3.45 per share, for a total transaction of C$172,500.00.
Shares of Yamana Gold Inc. (TSE YRI) opened at C$3.40 on Tuesday. Yamana Gold Inc. has a 1-year low of C$2.84 and a 1-year high of C$4.80.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.006 per share. This is a boost from Yamana Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.71%. Yamana Gold’s payout ratio is presently -4.26%.
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Separately, National Bank Financial lowered their target price on shares of Yamana Gold from C$5.75 to C$5.25 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$5.28.
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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