Zacks Investment Research lowered shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) from a hold rating to a sell rating in a research report report published on Wednesday morning.
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. “
Several other equities research analysts have also recently commented on the company. TD Securities reaffirmed a buy rating and issued a $6.00 price target (down previously from $7.50) on shares of Yamana Gold in a report on Tuesday, November 1st. Scotiabank reaffirmed a sector perform rating and issued a $6.50 price target on shares of Yamana Gold in a report on Tuesday, October 18th. RBC Capital Markets reissued a sector perform rating on shares of Yamana Gold in a research note on Tuesday, October 18th. Dundee Securities raised Yamana Gold from a sell rating to a neutral rating in a research note on Friday, October 14th. Finally, Barclays PLC raised their target price on Yamana Gold from $4.00 to $6.00 and gave the stock an equal weight rating in a research note on Monday, August 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Yamana Gold presently has a consensus rating of Hold and an average target price of $4.94.
Shares of Yamana Gold (NYSE:AUY) opened at 3.06 on Wednesday. The firm has a 50 day moving average price of $3.48 and a 200 day moving average price of $4.59. The stock’s market capitalization is $2.90 billion. Yamana Gold has a one year low of $1.38 and a one year high of $5.99.
Yamana Gold (NYSE:AUY) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.02 EPS for the quarter, missing the 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 analyst estimates of $507.61 million. During the same period in the prior year, the business posted ($0.02) EPS. Yamana Gold’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts predict that Yamana Gold will post $0.10 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a $0.005 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.68%. Yamana Gold’s dividend payout ratio (DPR) is presently -1.06%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in Yamana Gold by 36.0% in the first quarter. Renaissance Technologies LLC now owns 6,702,275 shares of the company’s stock worth $20,375,000 after buying an additional 1,775,475 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Yamana Gold by 31.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,996,175 shares of the company’s stock worth $31,027,000 after buying an additional 1,425,633 shares during the period. Quantitative Investment Management LLC acquired a new stake in shares of Yamana Gold during the third quarter worth about $3,352,000. Commonwealth Equity Services Inc increased its stake in shares of Yamana Gold by 41.2% in the second quarter. Commonwealth Equity Services Inc now owns 72,267 shares of the company’s stock worth $376,000 after buying an additional 21,096 shares during the period. Finally, AMP Capital Investors Ltd increased its stake in shares of Yamana Gold by 90.7% in the first quarter. AMP Capital Investors Ltd now owns 751,126 shares of the company’s stock worth $2,305,000 after buying an additional 357,177 shares during the period. Hedge funds and other institutional investors own 47.31% of the company’s stock.
About Yamana Gold
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.