Yamana Gold Inc. (AUY) Given Average Recommendation of “Hold” by Brokerages

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) has been assigned an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $3.58.

AUY has been the subject of a number of analyst reports. Credit Suisse Group reissued an “outperform” rating on shares of Yamana Gold in a report on Monday, September 10th. Barclays initiated coverage on Yamana Gold in a report on Wednesday, October 10th. They set an “underweight” rating and a $2.50 price objective for the company. ValuEngine raised Yamana Gold from a “strong sell” rating to a “sell” rating in a report on Thursday, October 18th. Raymond James set a $3.00 price objective on Yamana Gold and gave the company a “hold” rating in a report on Friday, October 26th. Finally, Royal Bank of Canada cut their price objective on Yamana Gold from $3.75 to $3.50 and set an “outperform” rating for the company in a report on Tuesday, October 30th.

Institutional investors have recently added to or reduced their stakes in the stock. Hilltop Holdings Inc. bought a new position in shares of Yamana Gold in the third quarter valued at about $103,000. Signition LP bought a new position in shares of Yamana Gold in the third quarter valued at about $240,000. Virtu Financial LLC raised its holdings in shares of Yamana Gold by 32.8% in the third quarter. Virtu Financial LLC now owns 121,810 shares of the basic materials company’s stock valued at $303,000 after buying an additional 30,052 shares during the last quarter. HRT Financial LLC bought a new position in shares of Yamana Gold in the third quarter valued at about $324,000. Finally, Natixis raised its holdings in shares of Yamana Gold by 52.9% in the second quarter. Natixis now owns 124,690 shares of the basic materials company’s stock valued at $361,000 after buying an additional 43,139 shares during the last quarter. 43.14% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE AUY traded up $0.01 during midday trading on Thursday, reaching $2.15. 619,478 shares of the company traded hands, compared to its average volume of 9,951,754. The stock has a market cap of $1.97 billion, a PE ratio of 27.06 and a beta of 1.00. Yamana Gold has a 12 month low of $2.00 and a 12 month high of $3.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 1.01.

Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The company had revenue of $416.80 million during the quarter. Yamana Gold had a positive return on equity of 3.46% and a negative net margin of 23.32%. Analysts predict that Yamana Gold will post 0.08 earnings per share for the current year.

Yamana Gold Company Profile

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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Analyst Recommendations for Yamana Gold (NYSE:AUY)

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