Macquarie upgraded shares of Yamana Gold (NYSE:AUY) (TSE:YRI) from a neutral rating to an outperform rating in a research report sent to investors on Friday, Marketbeat.com reports.

Several other brokerages also recently weighed in on AUY. Royal Bank of Canada restated a buy rating and set a $4.00 target price on shares of Yamana Gold in a research note on Wednesday, January 31st. ValuEngine upgraded Yamana Gold from a sell rating to a hold rating in a research note on Tuesday, January 9th. TheStreet upgraded Yamana Gold from a d+ rating to a c- rating in a research note on Friday, December 29th. Zacks Investment Research downgraded Yamana Gold from a hold rating to a sell rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets restated a hold rating and set a $3.00 target price on shares of Yamana Gold in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Yamana Gold currently has an average rating of Hold and an average price target of $3.61.

Yamana Gold (NYSE AUY) opened at $3.08 on Friday. Yamana Gold has a one year low of $2.21 and a one year high of $3.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.62 and a current ratio of 0.99. The firm has a market capitalization of $2,930.00, a price-to-earnings ratio of -8.32 and a beta of 0.77.

A number of institutional investors and hedge funds have recently modified their holdings of AUY. Formula Growth Ltd. acquired a new stake in Yamana Gold during the 3rd quarter worth about $11,568,000. Arrowstreet Capital Limited Partnership acquired a new stake in Yamana Gold during the 4th quarter worth about $8,350,000. JPMorgan Chase & Co. lifted its position in Yamana Gold by 6,965.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,554,859 shares of the basic materials company’s stock worth $6,975,000 after acquiring an additional 2,518,697 shares during the period. LMR Partners LLP acquired a new stake in Yamana Gold during the 4th quarter worth about $3,723,000. Finally, Shell Asset Management Co. lifted its position in Yamana Gold by 141.2% during the 3rd quarter. Shell Asset Management Co. now owns 1,805,057 shares of the basic materials company’s stock worth $12,130,000 after acquiring an additional 1,056,833 shares during the period. 40.61% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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