Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)‘s stock had its “buy” rating reaffirmed by research 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.
AUY has been the topic of several other reports. Zacks Investment Research downgraded Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Barclays PLC increased their target price on Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Scotiabank reiterated a “sector perform” rating and set a $6.50 target price on shares of Yamana Gold in a research report on Tuesday, October 18th. Dundee Securities upgraded Yamana Gold from a “sell” rating to a “neutral” rating in a research report on Friday, October 14th. Finally, RBC Capital Markets reiterated a “sector perform” rating on shares of Yamana Gold in a research report on Tuesday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.94.
Yamana Gold (NYSE:AUY) opened at 2.92 on Friday. The stock has a 50 day moving average price of $3.50 and a 200 day moving average price of $4.60. The stock’s market cap is $2.77 billion. Yamana Gold has a 52 week low of $1.38 and a 52 week high of $5.99.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings data 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 company earned $464.30 million during the quarter, compared to analysts’ expectations of $507.61 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts predict that Yamana Gold will post $0.10 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a $0.005 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.68%. Yamana Gold’s dividend payout ratio (DPR) is currently -1.06%.
Several large investors have recently bought and sold shares of the stock. Fiera Capital Corp raised its stake in Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock worth $113,726,000 after buying an additional 10,298,487 shares during the period. Vanguard Group Inc. raised its stake in shares of Yamana Gold by 12.1% in the second quarter. Vanguard Group Inc. now owns 19,004,637 shares of the company’s stock worth $98,824,000 after buying an additional 2,045,917 shares during the period. AQR Capital Management LLC raised its stake in shares of Yamana Gold by 250.9% in the second quarter. AQR Capital Management LLC now owns 14,360,258 shares of the company’s stock worth $74,307,000 after buying an additional 10,267,344 shares during the period. CIBC World Markets Inc. raised its stake in shares of Yamana Gold by 0.8% in the third quarter. CIBC World Markets Inc. now owns 12,826,229 shares of the company’s stock worth $55,281,000 after buying an additional 99,242 shares during the period. Finally, Hexavest Inc. raised its stake in shares of Yamana Gold by 25.2% in the second quarter. Hexavest Inc. now owns 12,269,181 shares of the company’s stock worth $63,487,000 after buying an additional 2,466,031 shares during the period. Institutional investors and hedge funds own 47.09% of the company’s stock.
Yamana Gold Company Profile