Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) has been assigned a $4.00 price target by equities researchers at Royal Bank Of Canada in a research note issued to investors on Tuesday, October 17th. The brokerage currently has a “buy” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 48.70% from the stock’s current price.
A number of other equities research analysts have also weighed in on the company. BidaskClub lowered Yamana Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research lowered Yamana Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. BMO Capital Markets reiterated a “hold” rating and issued a $3.25 price objective on shares of Yamana Gold in a research report on Tuesday, June 20th. Finally, TD Securities set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Yamana Gold presently has a consensus rating of “Hold” and an average price target of $3.54.
Yamana Gold (NYSE AUY) traded up $0.11 on Tuesday, reaching $2.69. The company had a trading volume of 4,293,545 shares, compared to its average volume of 6,930,000. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.35. Yamana Gold has a fifty-two week low of $2.21 and a fifty-two week high of $3.80. The company has a market cap of $2,440.00, a price-to-earnings ratio of 64.50 and a beta of 0.65.
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Several institutional investors have recently bought and sold shares of AUY. Virtu Financial LLC bought a new stake in shares of Yamana Gold in the 2nd quarter worth $107,000. Creative Planning increased its holdings in shares of Yamana Gold by 76.6% in the 2nd quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 19,795 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Yamana Gold in the 1st quarter worth $111,000. Stephens Inc. AR increased its holdings in shares of Yamana Gold by 1.1% in the 2nd quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 499 shares in the last quarter. Finally, QCM Cayman Ltd. bought a new stake in shares of Yamana Gold in the 2nd quarter worth $117,000. 42.55% of the stock is owned by institutional investors and hedge funds.
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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