Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) has received an average recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $3.75.

A number of equities analysts recently issued reports on AUY shares. Barclays started coverage on Yamana Gold in a report on Wednesday. They issued an “underweight” rating and a $2.50 price objective for the company. Credit Suisse Group reissued an “outperform” rating on shares of Yamana Gold in a report on Monday, September 10th. ValuEngine lowered Yamana Gold from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Zacks Investment Research raised Yamana Gold from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $3.00 to $4.25 in a report on Tuesday, July 31st.

Shares of Yamana Gold stock traded down $0.07 on Wednesday, reaching $2.64. 16,653,633 shares of the company were exchanged, compared to its average volume of 12,076,033. The company has a current ratio of 1.04, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 33.00 and a beta of 0.92. Yamana Gold has a 1-year low of $2.30 and a 1-year high of $3.80.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, July 26th. The basic materials company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $431.50 million for the quarter, compared to analysts’ expectations of $456.05 million. Yamana Gold had a positive return on equity of 3.49% and a negative net margin of 15.63%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. Sell-side analysts predict that Yamana Gold will post 0.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, September 27th. Yamana Gold’s dividend payout ratio (DPR) is 25.00%.

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC bought a new position in Yamana Gold during the 1st quarter valued at $21,167,000. Van ECK Associates Corp boosted its stake in Yamana Gold by 6.4% during the 2nd quarter. Van ECK Associates Corp now owns 126,348,962 shares of the basic materials company’s stock valued at $366,442,000 after purchasing an additional 7,550,918 shares in the last quarter. Pendal Group Ltd bought a new position in Yamana Gold during the 2nd quarter valued at $8,155,000. Renaissance Technologies LLC boosted its stake in Yamana Gold by 25.1% during the 2nd quarter. Renaissance Technologies LLC now owns 8,435,275 shares of the basic materials company’s stock valued at $24,462,000 after purchasing an additional 1,694,400 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in Yamana Gold by 28.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 7,488,941 shares of the basic materials company’s stock valued at $21,718,000 after purchasing an additional 1,680,700 shares in the last quarter. 42.14% of the stock is owned by institutional investors and hedge funds.

About Yamana Gold

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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Analyst Recommendations for Yamana Gold (NYSE:AUY)

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