Yamana Gold (NYSE:AUY) Sets New 1-Year High at $3.75

Share on StockTwits

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.75 and last traded at $3.74, with a volume of 745114 shares traded. The stock had previously closed at $3.58.

A number of research analysts recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating on shares of Yamana Gold in a report on Friday, July 19th. CIBC reiterated a “buy” rating and set a $4.00 price objective on shares of Yamana Gold in a report on Monday, July 29th. ValuEngine downgraded Yamana Gold from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. National Bank Financial upgraded Yamana Gold from a “sector perform” rating to an “outperform” rating and set a $2.53 price objective for the company in a report on Friday, June 28th. Finally, TD Securities decreased their price objective on Yamana Gold from $4.25 to $3.50 and set a “buy” rating for the company in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.36.

The firm has a 50-day moving average of $3.12 and a 200 day moving average of $2.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.46. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 30.75 and a beta of 0.96.

Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Yamana Gold had a positive return on equity of 2.32% and a negative net margin of 7.49%. The firm had revenue of $463.50 million during the quarter, compared to analysts’ expectations of $448.19 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Yamana Gold Inc. will post 0.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, September 27th. This is a boost from Yamana Gold’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a yield of 1.08%. Yamana Gold’s dividend payout ratio is 16.67%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. GFS Advisors LLC acquired a new stake in shares of Yamana Gold in the second quarter valued at approximately $25,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Yamana Gold in the first quarter valued at approximately $32,000. Cetera Advisor Networks LLC acquired a new stake in shares of Yamana Gold in the first quarter valued at approximately $35,000. Man Group plc acquired a new stake in shares of Yamana Gold in the second quarter valued at approximately $39,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Yamana Gold in the second quarter valued at approximately $55,000. 41.12% of the stock is owned by hedge funds and other institutional investors.

Yamana Gold Company Profile (NYSE:AUY)

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

Further Reading: Limitations to arbitrage trading

Receive News & Ratings for Yamana Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold and related companies with MarketBeat.com's FREE daily email newsletter.