Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. “
Other equities analysts have also recently issued research reports about the company. TD Securities restated a “buy” rating and issued a $7.50 price objective (up previously from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Scotiabank restated a “sector perform” rating and issued a $6.50 price objective on shares of Yamana Gold in a report on Tuesday, October 18th. Dundee Securities upgraded Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday, October 14th. RBC Capital Markets restated a “sector perform” rating on shares of Yamana Gold in a report on Tuesday, October 18th. Finally, Barclays PLC raised their price objective on Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.05.
Yamana Gold (NYSE:AUY) opened at 2.94 on Wednesday. The firm’s market cap is $2.79 billion. The firm has a 50-day moving average price of $3.52 and a 200 day moving average price of $4.61. Yamana Gold has a 12-month low of $1.38 and a 12-month high of $5.99.
Yamana Gold (NYSE:AUY) last released its quarterly earnings results on Friday, October 28th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The firm earned $464.30 million during the quarter, compared to analyst estimates of $507.61 million. During the same period in the prior year, the business earned ($0.02) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Yamana Gold will post $0.10 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a $0.005 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.68%. Yamana Gold’s payout ratio is -1.06%.
Several large investors have recently added to or reduced their stakes in AUY. Rational Advisors LLC acquired a new stake in Yamana Gold during the second quarter worth $101,000. Mark Sheptoff Financial Planning LLC increased its stake in Yamana Gold by 156.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 20,500 shares of the company’s stock worth $107,000 after buying an additional 12,500 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in Yamana Gold during the third quarter worth $109,000. AGF Investments Inc. increased its stake in Yamana Gold by 121.2% in the second quarter. AGF Investments Inc. now owns 25,949 shares of the company’s stock worth $135,000 after buying an additional 14,216 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Yamana Gold during the third quarter worth $113,000. Institutional investors own 47.09% of the company’s stock.
Yamana Gold Company Profile
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.