Raymond James Financial, Inc. reiterated their market perform rating on shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in a research report released on Thursday, Marketbeat.com reports. They currently have a $3.25 price target on the basic materials company’s stock.
AUY has been the subject of a number of other research reports. Vetr lowered Yamana Gold from a strong-buy rating to a buy rating and set a $3.33 price target for the company. in a research note on Wednesday, April 12th. Credit Suisse Group set a $3.00 price target on Yamana Gold and gave the stock a hold rating in a research note on Saturday, March 11th. TD Securities reaffirmed a buy rating and issued a $5.50 price target on shares of Yamana Gold in a research note on Thursday, May 4th. National Bank Financial reaffirmed an outperform market weight rating on shares of Yamana Gold in a research note on Sunday, June 4th. Finally, Scotiabank raised their price target on Yamana Gold from $3.50 to $4.00 and gave the stock a sector perform rating in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $4.26.
Shares of Yamana Gold (NYSE AUY) opened at 2.37 on Thursday. The company’s market cap is $2.25 billion. Yamana Gold has a 1-year low of $2.33 and a 1-year high of $5.99. The stock has a 50 day moving average of $2.64 and a 200 day moving average of $2.87.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $423.20 million. Yamana Gold had a negative net margin of 19.31% and a positive return on equity of 0.44%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company posted $0.03 EPS. Analysts predict that Yamana Gold will post $0.05 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.84%. Yamana Gold’s dividend payout ratio (DPR) is -5.41%.
Institutional investors have recently bought and sold shares of the company. World Asset Management Inc increased its position in Yamana Gold by 2.2% in the first quarter. World Asset Management Inc now owns 59,847 shares of the basic materials company’s stock worth $165,000 after buying an additional 1,308 shares during the period. Stephens Inc. AR increased its position in Yamana Gold by 3.0% in the first quarter. Stephens Inc. AR now owns 47,412 shares of the basic materials company’s stock worth $131,000 after buying an additional 1,381 shares during the period. Capstone Asset Management Co. increased its position in Yamana Gold by 3.4% in the first quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock worth $250,000 after buying an additional 2,950 shares during the period. Geode Capital Management LLC increased its position in Yamana Gold by 1.2% in the first quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock worth $1,248,000 after buying an additional 5,553 shares during the period. Finally, Comerica Bank increased its position in Yamana Gold by 10.1% in the fourth quarter. Comerica Bank now owns 113,769 shares of the basic materials company’s stock worth $361,000 after buying an additional 10,437 shares during the period. Institutional investors and hedge funds own 42.81% of the company’s stock.
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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