Analysts Set Yamana Gold Inc. (AUY) Target Price at $3.66

Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) have been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $3.66.

Several equities research analysts recently issued reports on AUY shares. TD Securities decreased their target price on shares of Yamana Gold from $4.50 to $4.25 and set a “buy” rating on the stock in a research report on Tuesday, February 20th. Royal Bank of Canada reissued a “buy” rating and issued a $4.00 target price on shares of Yamana Gold in a research report on Wednesday, January 31st. TheStreet raised shares of Yamana Gold from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Scotiabank set a $4.00 target price on shares of Yamana Gold and gave the stock a “hold” rating in a research report on Monday, January 15th. Finally, ValuEngine raised shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th.

Shares of NYSE:AUY traded up $0.05 during mid-day trading on Friday, hitting $2.76. The company had a trading volume of 7,736,407 shares, compared to its average volume of 12,889,266. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.87 and a current ratio of 1.08. Yamana Gold has a 1-year low of $2.21 and a 1-year high of $3.80. The stock has a market capitalization of $2,618.14, a PE ratio of 34.50 and a beta of 0.88.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Thursday, February 15th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. Yamana Gold had a negative net margin of 10.44% and a positive return on equity of 1.87%. The business had revenue of $478.80 million for the quarter. sell-side analysts expect that Yamana Gold will post 0.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.005 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.72%. Yamana Gold’s dividend payout ratio (DPR) is 25.00%.

A number of hedge funds have recently made changes to their positions in the business. Creative Planning lifted its position in Yamana Gold by 171.1% during the fourth quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock valued at $116,000 after buying an additional 23,399 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Yamana Gold by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 1,043,114 shares of the basic materials company’s stock valued at $2,765,000 after buying an additional 24,201 shares in the last quarter. Afam Capital Inc. lifted its position in Yamana Gold by 3.6% during the fourth quarter. Afam Capital Inc. now owns 751,843 shares of the basic materials company’s stock valued at $2,346,000 after buying an additional 25,998 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Yamana Gold by 0.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,134,674 shares of the basic materials company’s stock valued at $8,286,000 after buying an additional 27,257 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Yamana Gold by 17.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 188,660 shares of the basic materials company’s stock valued at $589,000 after buying an additional 28,210 shares in the last quarter. 46.48% of the stock is currently owned by hedge funds and other institutional investors.

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About Yamana Gold

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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