Yamana Gold (AUY) Stock Price Up 5.7%

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Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) rose 5.7% during mid-day trading on Monday . The stock traded as high as $2.78 and last traded at $2.76. Approximately 19,326,740 shares were traded during trading, an increase of 49% from the average daily volume of 12,991,363 shares. The stock had previously closed at $2.61.

AUY has been the subject of several research reports. BMO Capital Markets lowered Yamana Gold from an “outperform” rating to a “market perform” rating and set a $3.00 price target for the company. in a report on Monday, December 10th. Zacks Investment Research lowered Yamana Gold from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. ValuEngine upgraded Yamana Gold from a “sell” rating to a “hold” rating in a report on Friday, January 4th. CIBC upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $3.20 to $3.75 in a report on Monday, January 21st. Finally, Credit Suisse Group set a $4.00 price target on Yamana Gold and gave the company a “buy” rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.31.

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.86 and a quick ratio of 0.50. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 23.00 and a beta of 0.81.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its earnings results on Thursday, February 14th. The basic materials company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Yamana Gold had a positive return on equity of 2.73% and a negative net margin of 15.99%. The firm had revenue of $483.40 million during the quarter, compared to analyst estimates of $495.01 million. During the same period in the previous year, the company earned ($0.20) EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts forecast that Yamana Gold Inc. will post 0.08 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $0.005 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.02 annualized dividend and a yield of 0.72%. Yamana Gold’s dividend payout ratio (DPR) is currently 16.67%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Interstate Bank lifted its holdings in Yamana Gold by 10.6% in the 4th quarter. First Interstate Bank now owns 54,200 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 5,200 shares during the last quarter. Cerebellum GP LLC increased its position in Yamana Gold by 7.6% in the 4th quarter. Cerebellum GP LLC now owns 78,240 shares of the basic materials company’s stock worth $185,000 after buying an additional 5,518 shares during the period. Strategic Family Wealth Counselors L.L.C. bought a new position in Yamana Gold in the 4th quarter worth approximately $26,000. Hellman Jordan Management Co. Inc. MA bought a new position in Yamana Gold in the 4th quarter worth approximately $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Yamana Gold by 5.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 247,937 shares of the basic materials company’s stock worth $583,000 after buying an additional 12,000 shares during the period. Hedge funds and other institutional investors own 46.66% of the company’s stock.

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About Yamana Gold (NYSE:AUY)

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

See Also: Dividend Aristocrat Index

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