National Bank Financial downgraded shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) from an outperform rating to a sector perform rating in a research report released on Friday, October 27th, Marketbeat.com reports.
A number of other research firms have also weighed in on AUY. Royal Bank Of Canada reissued an outperform rating on shares of Yamana Gold in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of Yamana Gold from a strong sell rating to a hold rating in a report on Friday, October 20th. BidaskClub upgraded shares of Yamana Gold from a hold rating to a buy rating in a research note on Saturday, August 19th. Finally, TD Securities set a $4.00 target price on shares of Yamana Gold and gave the stock a buy rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $3.54.
Yamana Gold (NYSE:AUY) opened at $2.68 on Friday. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $3.65. The stock has a market cap of $2,470.00, a price-to-earnings ratio of 67.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.62 and a current ratio of 0.99.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, December 28th. Yamana Gold’s dividend payout ratio is presently -5.41%.
A number of institutional investors have recently made changes to their positions in the stock. Stephens Inc. AR boosted its stake in 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. Afam Capital Inc. boosted its stake in Yamana Gold by 0.5% in the 2nd quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock worth $1,768,000 after purchasing an additional 3,533 shares in the last quarter. Geode Capital Management LLC boosted its stake in Yamana Gold by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock worth $1,248,000 after purchasing an additional 5,553 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Yamana Gold by 7.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 82,012 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 5,823 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in 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 worth $114,000 after purchasing an additional 6,616 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.
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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