Yamana Gold (NYSE:AUY) Now Covered by Royal Bank of Canada

Royal Bank of Canada began coverage on shares of Yamana Gold (NYSE:AUY) (TSE:YRI) in a research report sent to investors on Wednesday, TipRanks reports. The firm issued a hold rating and a $3.75 price target on the basic materials company’s stock.

A number of other research analysts also recently commented on the stock. Credit Suisse Group reaffirmed an outperform rating and issued a $4.50 price target on shares of Yamana Gold in a report on Monday, October 14th. Barclays set a $3.00 price objective on Yamana Gold and gave the stock a sell rating in a research note on Tuesday, October 15th. ValuEngine upgraded Yamana Gold from a sell rating to a hold rating in a research report on Wednesday, November 20th. TD Securities raised their price objective on Yamana Gold from $4.50 to $5.00 and gave the company a buy rating in a research note on Monday, October 28th. Finally, Zacks Investment Research raised Yamana Gold from a hold rating to a buy rating and set a $4.00 price objective for the company in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $4.19.

NYSE AUY opened at $3.56 on Wednesday. The stock has a market capitalization of $3.38 billion, a PE ratio of 29.67 and a beta of 0.89. The business has a 50 day simple moving average of $3.49 and a two-hundred day simple moving average of $3.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.58. Yamana Gold has a 1-year low of $1.78 and a 1-year high of $3.84.

Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The business had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $372.58 million. Yamana Gold had a return on equity of 2.94% and a net margin of 8.76%. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. On average, analysts anticipate that Yamana Gold will post 0.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.12%. Yamana Gold’s dividend payout ratio is presently 33.33%.

A number of large investors have recently modified their holdings of the stock. Boston Partners bought a new stake in Yamana Gold in the third quarter worth about $72,017,000. JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 7,192,030 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Yamana Gold during the 3rd quarter worth approximately $16,226,000. Morgan Stanley boosted its holdings 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 valued at $45,251,000 after acquiring an additional 2,659,787 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings 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 valued at $13,287,000 after acquiring an additional 2,046,440 shares during the period. Institutional investors own 43.23% 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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