Yamana Gold (AUY) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Yamana Gold (NYSE:AUY) (TSE:YRI) from a sell rating to a hold rating in a research report released on Tuesday, January 9th.

A number of other equities research analysts have also weighed in on the company. TheStreet upgraded Yamana Gold from a d+ rating to a c- rating in a research report on Friday, December 29th. Desjardins reiterated a hold rating on shares of Yamana Gold in a research report on Monday, December 11th. BMO Capital Markets reiterated a hold rating and issued a $3.00 price objective on shares of Yamana Gold in a research report on Wednesday, December 20th. Royal Bank of Canada set a $4.00 price objective on Yamana Gold and gave the stock a buy rating in a research report on Tuesday, October 17th. Finally, Zacks Investment Research upgraded Yamana Gold from a strong sell rating to a hold rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $3.46.

Yamana Gold (NYSE:AUY) opened at $3.44 on Tuesday. 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 1 year low of $2.21 and a 1 year high of $3.65. The stock has a market capitalization of $3,280.00, a P/E ratio of -9.30 and a beta of 0.63.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Yamana Gold had a positive return on equity of 0.71% and a negative net margin of 20.19%. analysts predict that Yamana Gold will post 0.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, December 28th. Yamana Gold’s payout ratio is presently -5.41%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Timber Hill LLC lifted its stake in shares of Yamana Gold by 233.3% in the 3rd quarter. Timber Hill LLC now owns 38,716 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 27,100 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Yamana Gold by 16.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 6,616 shares during the period. Stephens Inc. AR lifted its stake 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 valued at $116,000 after purchasing an additional 499 shares during the period. QCM Cayman Ltd. purchased a new position in shares of Yamana Gold in the 2nd quarter valued at approximately $117,000. Finally, Virtu Financial LLC lifted its stake in shares of Yamana Gold by 444.0% in the 3rd quarter. Virtu Financial LLC now owns 239,475 shares of the basic materials company’s stock valued at $198,000 after purchasing an additional 195,452 shares during the period. Institutional investors own 40.55% of the company’s stock.

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About Yamana Gold

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Yamana Gold (NYSE:AUY)

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