Yamana Gold (NYSE:AUY) Upgraded at ValuEngine

Share on StockTwits

ValuEngine upgraded shares of Yamana Gold (NYSE:AUY) (TSE:YRI) from a hold rating to a buy rating in a research note released on Monday, ValuEngine reports.

AUY has been the topic of a number of other reports. National Bank Financial raised Yamana Gold from a sector perform rating to an outperform rating and set a $2.53 target price on the stock in a research report on Friday, June 28th. CIBC set a $4.00 target price on Yamana Gold and gave the company a buy rating in a research report on Friday, September 6th. Zacks Investment Research lowered Yamana Gold from a buy rating to a hold rating in a research report on Monday. Royal Bank of Canada upped their target price on Yamana Gold from $3.00 to $3.50 and gave the company a sector perform rating in a research report on Wednesday, August 7th. Finally, Canaccord Genuity reaffirmed a buy rating on shares of Yamana Gold in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $3.36.

NYSE AUY opened at $3.42 on Monday. The stock has a market cap of $3.28 billion, a PE ratio of 28.50 and a beta of 0.89. Yamana Gold has a fifty-two week low of $1.78 and a fifty-two week high of $3.78. The business has a 50 day moving average price of $3.43 and a two-hundred day moving average price of $2.64. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Yamana Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, September 27th. Yamana Gold’s dividend payout ratio is presently 16.67%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Yamana Gold by 5.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 87,032 shares of the basic materials company’s stock valued at $221,000 after acquiring an additional 4,400 shares in the last quarter. Profund Advisors LLC raised its position in shares of Yamana Gold by 5.3% during the 2nd quarter. Profund Advisors LLC now owns 134,047 shares of the basic materials company’s stock valued at $338,000 after acquiring an additional 6,698 shares in the last quarter. Stephens Inc. AR raised its position in shares of Yamana Gold by 14.1% during the 1st quarter. Stephens Inc. AR now owns 66,501 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 8,219 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Yamana Gold by 25.0% during the 2nd quarter. King Luther Capital Management Corp now owns 50,000 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 10,000 shares in the last quarter. Finally, GFS Advisors LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter valued at approximately $25,000. 41.77% of the stock is currently owned by institutional investors.

About Yamana Gold

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: Equal Weight Rating

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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.