Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) have been given an average rating of “Hold” by the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $3.66.
A number of equities analysts have weighed in on AUY shares. Zacks Investment Research lowered Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Royal Bank of Canada restated a “buy” rating and issued a $4.00 price target on shares of Yamana Gold in a research note on Wednesday, January 31st. Macquarie upgraded Yamana Gold from a “neutral” rating to an “outperform” rating in a research note on Friday, February 9th. Desjardins restated a “hold” rating on shares of Yamana Gold in a research note on Monday, December 11th. Finally, Credit Suisse Group upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price target for the company in a research note on Friday, January 26th.
Several institutional investors have recently made changes to their positions in AUY. Creative Planning boosted its holdings in Yamana Gold by 171.1% in the 4th quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock worth $116,000 after buying an additional 23,399 shares during the last quarter. Exane Derivatives boosted its holdings in Yamana Gold by 718.0% in the 4th quarter. Exane Derivatives now owns 38,373 shares of the basic materials company’s stock worth $119,000 after buying an additional 33,682 shares during the last quarter. Fore Capital LLC acquired a new stake in Yamana Gold in the 4th quarter worth about $156,000. Virtu Financial LLC boosted its holdings in Yamana Gold by 444.0% in the 3rd quarter. Virtu Financial LLC now owns 239,475 shares of the basic materials company’s stock worth $198,000 after buying an additional 195,452 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Yamana Gold by 85.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 101,760 shares of the basic materials company’s stock worth $318,000 after buying an additional 46,780 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.
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 the Zacks’ consensus estimate of $0.03 by $0.03. The business had revenue of $478.80 million during the quarter. Yamana Gold had a positive return on equity of 1.87% and a negative net margin of 10.44%. equities research analysts expect that Yamana Gold will post 0.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors 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 annualized dividend and a dividend yield of 0.70%. Yamana Gold’s dividend payout ratio is presently -9.52%.
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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. 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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