Yamana Gold’s (AUY) Buy Rating Reiterated at Credit Suisse Group

Credit Suisse Group reaffirmed their buy rating on shares of Yamana Gold (NYSE:AUY) (TSE:YRI) in a report issued on Thursday, AnalystRatings.com reports. The firm currently has a $4.00 target price on the basic materials company’s stock.

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Yamana Gold from a hold rating to a buy rating in a research note on Monday, September 16th. TD Securities decreased their price target on shares of Yamana Gold from $4.25 to $3.50 and set a buy rating for the company in a research note on Monday, July 8th. Royal Bank of Canada increased their price target on shares of Yamana Gold from $3.00 to $3.50 and gave the stock a sector perform rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of Yamana Gold from a hold rating to a buy rating and set a $3.75 price target for the company in a research note on Wednesday, September 18th. Finally, Raymond James increased their price target on shares of Yamana Gold from $3.25 to $3.50 and gave the stock a market perform rating in a research note on Monday, July 29th. 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 presently has an average rating of Hold and a consensus price target of $3.36.

Shares of NYSE:AUY opened at $3.47 on Thursday. The stock has a market cap of $3.25 billion, a P/E ratio of 28.92 and a beta of 0.89. The firm has a fifty day moving average price of $3.44 and a 200 day moving average price of $2.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.46. Yamana Gold has a 1-year low of $1.78 and a 1-year high of $3.78.

Yamana Gold (NYSE:AUY) (TSE:YRI) last issued 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 negative net margin of 7.49% and a positive return on equity of 2.32%. 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 expect that Yamana Gold will post 0.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.15%. This is an increase from Yamana Gold’s previous quarterly dividend of $0.01. Yamana Gold’s dividend payout ratio is presently 16.67%.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Yamana Gold by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 25,441,782 shares of the basic materials company’s stock worth $64,113,000 after buying an additional 827,753 shares during the last quarter. Morgan Stanley raised its position in Yamana Gold by 17.4% during the 2nd quarter. Morgan Stanley now owns 17,956,739 shares of the basic materials company’s stock worth $45,251,000 after buying an additional 2,659,787 shares during the last quarter. JPMorgan Chase & Co. raised its position in Yamana Gold by 459.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,756,217 shares of the basic materials company’s stock worth $21,628,000 after buying an additional 7,192,030 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Yamana Gold by 67.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,090,583 shares of the basic materials company’s stock worth $13,287,000 after buying an additional 2,046,440 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in Yamana Gold by 3.3% during the 2nd quarter. Bank of Nova Scotia now owns 3,105,333 shares of the basic materials company’s stock worth $7,825,000 after buying an additional 99,960 shares during the last quarter. Institutional investors own 41.77% of the company’s stock.

Yamana Gold Company Profile

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.

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Analyst Recommendations for Yamana Gold (NYSE:AUY)

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