Canaccord Genuity Boosts Yamana Gold (YRI) Price Target to C$6.00
Several other analysts also recently weighed in on YRI. National Bank Financial downgraded Yamana Gold from an outperform rating to a sector perform rating and cut their target price for the company from C$6.25 to C$4.75 in a research note on Friday, October 27th. Eight Capital reaffirmed a buy rating on shares of Yamana Gold in a research note on Thursday, November 16th. Finally, Desjardins reaffirmed a hold rating on shares of Yamana Gold in a research note on Monday, December 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of C$4.80.
Shares of Yamana Gold (TSE:YRI) traded up C$0.04 during midday trading on Friday, hitting C$4.18. The company had a trading volume of 1,492,500 shares, compared to its average volume of 2,840,000. The company has a market cap of $3,960.00, a P/E ratio of -9.09 and a beta of 0.24. Yamana Gold 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 was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.006 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.02 annualized dividend and a yield of 0.57%. This is an increase from Yamana Gold’s previous quarterly dividend of $0.01. Yamana Gold’s payout ratio is presently -4.35%.
In other news, insider Ross Douglas Gallinger purchased 14,500 shares of the stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of C$3.43 per share, for a total transaction of C$49,735.00. Also, Director Peter Marrone purchased 50,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of C$3.45 per share, for a total transaction of C$172,500.00. Insiders have acquired a total of 144,400 shares of company stock worth $496,226 in the last ninety days.
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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