Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) gapped down before the market opened on Tuesday . The stock had previously closed at $2.77, but opened at $2.88. Yamana Gold shares last traded at $2.89, with a volume of 4,391,191 shares.
A number of brokerages have issued reports on AUY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Yamana Gold in a report on Thursday, September 7th. BidaskClub raised Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded Yamana Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. BMO Capital Markets reissued a “hold” rating and issued a $3.25 target price on shares of Yamana Gold in a report on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating and issued a $3.25 target price on shares of Yamana Gold in a report on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Yamana Gold presently has an average rating of “Hold” and a consensus price target of $3.71.
The company’s market capitalization is $2.76 billion. The company’s 50 day moving average is $2.72 and its 200-day moving average is $2.68.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.07). Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The business had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. During the same period in the prior year, the business earned $0.01 EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Yamana Gold Inc. will post $0.02 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.69%. Yamana Gold’s dividend payout ratio (DPR) is presently -4.44%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AUY. Capstone Asset Management Co. raised its holdings in shares of Yamana Gold by 3.4% during the first quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock valued at $250,000 after buying an additional 2,950 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Yamana Gold by 6.2% during the first quarter. Wells Fargo & Company MN now owns 354,561 shares of the basic materials company’s stock valued at $978,000 after buying an additional 20,828 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Yamana Gold by 1.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,182,733 shares of the basic materials company’s stock valued at $8,780,000 after buying an additional 42,340 shares during the last quarter. World Asset Management Inc raised its holdings in shares of Yamana Gold by 2.2% during the first quarter. World Asset Management Inc now owns 59,847 shares of the basic materials company’s stock valued at $165,000 after buying an additional 1,308 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Yamana Gold during the first quarter valued at approximately $327,000. 42.44% of the stock is currently owned by institutional investors.
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Yamana Gold Company Profile
Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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