ValuEngine upgraded shares of Yamana Gold (NYSE:AUY) (TSE:YRI) from a sell rating to a hold rating in a research note issued to investors on Monday, February 4th.
Other equities research analysts also recently issued reports about the stock. Raymond James set a $3.00 price target on shares of Yamana Gold and gave the company a hold rating in a research note on Friday, October 26th. Zacks Investment Research downgraded shares of Yamana Gold from a buy rating to a hold rating in a research report on Wednesday, January 16th. Royal Bank of Canada cut their target price on shares of Yamana Gold from $3.75 to $3.50 and set an outperform rating on the stock in a research report on Tuesday, October 30th. TheStreet downgraded shares of Yamana Gold from a c rating to a d rating in a research report on Tuesday, October 30th. Finally, Barclays started coverage on shares of Yamana Gold in a research report on Wednesday, October 10th. They set an underweight rating and a $2.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $3.31.
AUY stock traded down $0.09 during mid-day trading on Monday, hitting $2.49. The stock had a trading volume of 12,646,373 shares, compared to its average volume of 14,547,138. Yamana Gold has a 52 week low of $2.00 and a 52 week high of $3.23. The company has a quick ratio of 0.71, a current ratio of 0.86 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.36 billion, a P/E ratio of 20.75 and a beta of 0.87.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, February 14th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Yamana Gold had a negative net margin of 15.99% and a positive return on equity of 2.73%. The company had revenue of $483.40 million for the quarter, compared to the consensus estimate of $495.01 million. During the same period last year, the company posted ($0.20) EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Yamana Gold will post 0.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 29th will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.02 annualized dividend and a yield of 0.80%. Yamana Gold’s dividend payout ratio is presently 16.67%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc lifted its position in shares of Yamana Gold by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 22,918,829 shares of the basic materials company’s stock worth $57,068,000 after purchasing an additional 769,763 shares during the period. Morgan Stanley lifted its position in shares of Yamana Gold by 85.7% in the 3rd quarter. Morgan Stanley now owns 9,387,499 shares of the basic materials company’s stock worth $23,374,000 after purchasing an additional 4,332,305 shares during the period. Tobam lifted its position in shares of Yamana Gold by 40.9% in the 3rd quarter. Tobam now owns 387,800 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 112,600 shares during the period. Bennicas & Associates Inc. lifted its position in shares of Yamana Gold by 7.2% in the 4th quarter. Bennicas & Associates Inc. now owns 223,700 shares of the basic materials company’s stock worth $528,000 after purchasing an additional 15,075 shares during the period. Finally, TD Asset Management Inc. lifted its position in shares of Yamana Gold by 9.8% in the 4th quarter. TD Asset Management Inc. now owns 8,434,002 shares of the basic materials company’s stock worth $19,822,000 after purchasing an additional 753,494 shares during the period. Hedge funds and other institutional investors own 45.79% of the company’s stock.
Yamana Gold Company Profile
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. The company primarily sells precious metals, including gold, silver, and copper. It also holds an option to earn a 70% ownership interest in the TPK property, a gold-silver-copper property located in northwestern Ontario.
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