Insider Buying: Yamana Gold Inc. (YRI) Insider Buys C$13,600.00 in Stock
Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) insider Antonio Cina bought 4,000 shares of Yamana Gold stock in a transaction on Monday, November 20th. The shares were acquired at an average cost of C$3.40 per share, with a total value of C$13,600.00.
Yamana Gold Inc. (TSE:YRI) remained flat at $C$3.38 on Friday. The company had a trading volume of 1,951,800 shares, compared to its average volume of 4,027,984. Yamana Gold Inc. has a 12-month low of C$2.84 and a 12-month high of C$4.80.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.006 dividend. This is a positive change from Yamana Gold’s previous quarterly dividend of $0.01. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, December 28th. Yamana Gold’s dividend payout ratio is presently -4.26%.
A number of analysts have commented on YRI shares. Eight Capital reaffirmed a “buy” rating on shares of Yamana Gold in a report on Thursday, November 16th. National Bank Financial reduced their target price on shares of Yamana Gold from C$5.75 to C$5.25 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Yamana Gold presently has a consensus rating of “Buy” and an average 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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