Dundee Securities upgraded shares of Yamana Gold Inc. (NYSE:AUY) from a sell rating to a neutral rating in a research report released on Friday, The Fly reports.
Several other analysts also recently issued reports on the stock. Barclays PLC boosted their target price on shares of Yamana Gold from $4.00 to $6.00 and gave the company an equal weight rating in a research note on Monday, August 8th. TD Securities reissued a buy rating and set a $7.50 target price (up from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Yamana Gold from a buy rating to a hold rating in a research note on Tuesday, August 2nd. HSBC raised shares of Yamana Gold from a hold rating to a buy rating and set a $7.20 target price on the stock in a research note on Monday, July 25th. Finally, Credit Suisse Group AG upgraded shares of Yamana Gold from a neutral rating to an outperform rating and boosted their price target for the company from $4.50 to $6.50 in a report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $4.75.
Yamana Gold (NYSE:AUY) traded up 1.233% on Friday, reaching $3.695. The company’s stock had a trading volume of 9,428,389 shares. The company’s market capitalization is $3.50 billion. The stock has a 50 day moving average price of $4.27 and a 200-day moving average price of $4.71. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99.
Yamana Gold (NYSE:AUY) last announced its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. The firm had revenue of $466.50 million for the quarter, compared to analyst estimates of $466.44 million. During the same period last year, the firm earned ($0.01) earnings per share. Yamana Gold’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts predict that Yamana Gold will post $0.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is -1.01%.
A number of large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its stake in Yamana Gold by 2.7% in the third quarter. Capstone Asset Management Co. now owns 87,326 shares of the company’s stock worth $376,000 after buying an additional 2,320 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Yamana Gold by 112.2% in the third quarter. BNP Paribas Arbitrage SA now owns 952,256 shares of the company’s stock worth $4,104,000 after buying an additional 503,513 shares in the last quarter. Fiera Capital Corp raised its position in shares of 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 in the last quarter. Highbridge Capital Management LLC bought a new position in shares of Yamana Gold during the second quarter worth approximately $294,000. Finally, AQR Capital Management LLC raised its position 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 in the last quarter. Institutional investors own 49.64% 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.