Yamana Gold (YRI) Reaches New 12-Month Low at $2.87

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) reached a new 52-week low on Friday . The stock traded as low as C$2.87 and last traded at C$2.91, with a volume of 1287047 shares trading hands. The stock had previously closed at C$3.00.

YRI has been the topic of several research reports. Canaccord Genuity lifted their price target on Yamana Gold from C$5.00 to C$5.50 in a research report on Monday, July 30th. National Bank Financial lifted their price target on Yamana Gold from C$5.75 to C$6.00 in a research report on Saturday, July 14th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$4.25 price target on shares of Yamana Gold in a research report on Tuesday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$4.88.

Yamana Gold (TSE:YRI) (NYSE:AUY) last released its quarterly earnings results on Thursday, October 25th. The company reported C$0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.01. The firm had revenue of C$544.72 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, October 12th were given a dividend of $0.005 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.02 annualized dividend and a dividend yield of 0.69%.

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About Yamana Gold (TSE:YRI)

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.

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