Yamana Gold (NYSE:AUY) Rating Increased to Buy at ValuEngine

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ValuEngine upgraded shares of Yamana Gold (NYSE:AUY) (TSE:YRI) from a hold rating to a buy rating in a report issued on Monday, ValuEngine reports.

AUY has been the topic of several other research reports. Canaccord Genuity restated a buy rating on shares of Yamana Gold in a research note on Friday, July 19th. CIBC set a $4.00 price target on shares of Yamana Gold and gave the stock a buy rating in a research note on Friday, September 6th. Raymond James increased their price target on shares of Yamana Gold from $3.25 to $3.50 and gave the stock a market perform rating in a research note on Monday, July 29th. Zacks Investment Research lowered shares of Yamana Gold from a buy rating to a hold rating in a research note on Monday. Finally, National Bank Financial upgraded shares of Yamana Gold from a sector perform rating to an outperform rating and set a $2.53 price target on the stock in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Yamana Gold has an average rating of Hold and an average target price of $3.36.

Shares of AUY opened at $3.35 on Monday. The company’s fifty day moving average is $3.43 and its 200-day moving average is $2.64. Yamana Gold has a 12 month low of $1.78 and a 12 month high of $3.78. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 27.92 and a beta of 0.88. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Yamana Gold had a negative net margin of 7.49% and a positive return on equity of 2.32%. The company had revenue of $463.50 million for the quarter, compared to analyst estimates of $448.19 million. During the same quarter in the prior year, the business posted $0.02 EPS. Yamana Gold’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that Yamana Gold will post 0.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.01 per share. This is an increase from Yamana Gold’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, September 27th. Yamana Gold’s dividend payout ratio is currently 16.67%.

Several hedge funds and other institutional investors have recently bought and sold shares of AUY. GFS Advisors LLC bought a new stake in shares of Yamana Gold during the 2nd quarter worth $25,000. Cetera Advisor Networks LLC bought a new stake in shares of Yamana Gold during the 1st quarter worth $35,000. Man Group plc bought a new stake in shares of Yamana Gold during the 2nd quarter worth $39,000. AE Wealth Management LLC bought a new stake in shares of Yamana Gold during the 2nd quarter worth $55,000. Finally, United Capital Financial Advisers LLC boosted its holdings in shares of Yamana Gold by 102.4% during the 2nd quarter. United Capital Financial Advisers LLC now owns 33,277 shares of the basic materials company’s stock worth $84,000 after buying an additional 16,838 shares during the period. 41.77% of the stock is owned by institutional investors and hedge funds.

Yamana Gold Company Profile

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.

Further Reading: Front-End Load

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Analyst Recommendations for Yamana Gold (NYSE:AUY)

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