Yamana Gold (YRI) Price Target Raised to C$4.00

Yamana Gold (TSE:YRI) (NYSE:AUY) had its price target hoisted by National Bank Financial from C$3.75 to C$4.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Several other equities research analysts have also weighed in on YRI. CSFB reiterated an outperform rating and issued a C$4.00 target price on shares of Yamana Gold in a report on Tuesday, February 26th. Canaccord Genuity cut their target price on shares of Yamana Gold from C$5.50 to C$4.25 in a report on Tuesday, April 16th. Eight Capital cut their target price on shares of Yamana Gold from C$4.75 to C$4.50 in a report on Tuesday, April 16th. Finally, BMO Capital Markets set a C$2.30 target price on shares of Yamana Gold and gave the stock a market perform rating in a report on Wednesday, April 17th.

YRI opened at C$2.71 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.26 and a debt-to-equity ratio of 44.71. The firm has a market capitalization of $2.58 billion and a price-to-earnings ratio of -9.03. Yamana Gold has a twelve month low of C$2.66 and a twelve month high of C$4.20.

Yamana Gold (TSE:YRI) (NYSE:AUY) last posted its earnings results on Thursday, February 14th. The company reported C$0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$0.02. The firm had revenue of C$638.95 million during the quarter. Research analysts predict that Yamana Gold will post 0.109999996014493 earnings per share for the current year.

In related news, Senior Officer Richard Campbell sold 12,776 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of C$3.68, for a total transaction of C$47,015.68. Following the sale, the insider now directly owns 55,783 shares in the company, valued at C$205,281.44. Also, Director Peter Marrone acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average price of C$3.07 per share, for a total transaction of C$307,340.00. Following the completion of the acquisition, the director now owns 1,916,781 shares of the company’s stock, valued at C$5,891,034.73.

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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