Zacks Investment Research Upgrades Yamana Gold (AUY) to “Hold”
Zacks Investment Research upgraded shares of Yamana Gold (NYSE:AUY) (TSE:YRI) from a sell rating to a hold rating in a research report released on Thursday.
According to Zacks, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. “
A number of other analysts have also weighed in on AUY. Desjardins restated a hold rating on shares of Yamana Gold in a research note on Monday, December 11th. BMO Capital Markets restated a hold rating and set a $3.00 price objective on shares of Yamana Gold in a research note on Wednesday, December 20th. TheStreet upgraded shares of Yamana Gold from a d+ rating to a c- rating in a research note on Friday, December 29th. ValuEngine upgraded shares of Yamana Gold from a sell rating to a hold rating in a research note on Tuesday, January 9th. Finally, Scotiabank set a $4.00 price target on shares of Yamana Gold and gave the stock a hold rating in a research note on Monday, January 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Yamana Gold presently has a consensus rating of Hold and an average price target of $3.66.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $478.80 million during the quarter. Yamana Gold had a negative net margin of 10.44% and a positive return on equity of 1.87%. equities research analysts predict that Yamana Gold will post 0.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a $0.005 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.68%. Yamana Gold’s dividend payout ratio is presently -10.00%.
Several hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its stake in shares of Yamana Gold by 4.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 66,552,510 shares of the basic materials company’s stock worth $207,644,000 after acquiring an additional 2,606,703 shares during the period. Vanguard Group Inc. grew its stake in shares of Yamana Gold by 4.6% in the second quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after acquiring an additional 979,468 shares during the period. Deutsche Bank AG grew its stake in shares of Yamana Gold by 16.4% in the fourth quarter. Deutsche Bank AG now owns 12,660,833 shares of the basic materials company’s stock worth $39,500,000 after acquiring an additional 1,782,822 shares during the period. Mackenzie Financial Corp grew its stake in shares of Yamana Gold by 6.7% in the fourth quarter. Mackenzie Financial Corp now owns 7,913,833 shares of the basic materials company’s stock worth $24,691,000 after acquiring an additional 498,933 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Yamana Gold by 8.6% in the third quarter. Ameriprise Financial Inc. now owns 4,945,509 shares of the basic materials company’s stock worth $13,106,000 after acquiring an additional 391,534 shares during the period. Hedge funds and other institutional investors own 42.94% of the company’s stock.
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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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