Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)‘s stock had its “buy” rating reiterated by stock analysts at TD Securities in a research report issued on Saturday. They currently have a $6.00 price objective on the stock. TD Securities’ target price would indicate a potential upside of 105.48% from the company’s current price.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Friday, October 28th. Barclays PLC increased their price target on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 8th. Dundee Securities upgraded shares of Yamana Gold from a “sell” rating to a “neutral” rating in a research report on Friday, October 14th. RBC Capital Markets reiterated a “sector perform” rating on shares of Yamana Gold in a research report on Tuesday, October 18th. Finally, Credit Suisse Group AG set a $5.00 price target on shares of Yamana Gold and gave the company a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $4.94.
Shares of Yamana Gold (NYSE:AUY) opened at 2.92 on Friday. Yamana Gold has a 52 week low of $1.38 and a 52 week high of $5.99. The stock has a 50 day moving average of $3.50 and a 200-day moving average of $4.60. The firm’s market capitalization is $2.77 billion.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.02. The firm earned $464.30 million during the quarter, compared to analyst estimates of $507.61 million. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Equities analysts anticipate that Yamana Gold will post $0.10 earnings per share for the current fiscal 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 paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.68%. Yamana Gold’s dividend payout ratio is currently -1.06%.
Several institutional investors have recently modified their holdings of AUY. Rational Advisors LLC acquired a new position in shares of Yamana Gold during the second quarter valued at $101,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Yamana Gold by 156.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 20,500 shares of the company’s stock valued at $107,000 after buying an additional 12,500 shares in the last quarter. Wedbush Securities Inc. acquired a new position in shares of Yamana Gold during the third quarter valued at $109,000. Quantbot Technologies LP acquired a new position in shares of Yamana Gold during the third quarter valued at $113,000. Finally, AGF Investments Inc. boosted its position in shares of Yamana Gold by 121.2% in the second quarter. AGF Investments Inc. now owns 25,949 shares of the company’s stock valued at $135,000 after buying an additional 14,216 shares in the last quarter. 47.09% of the stock is owned by institutional investors.
Yamana Gold Company Profile