ValuEngine Reduced Yamana Gold Inc. (AUY) to Sell

ValuEngine Reduced Yamana Gold Inc. (AUY) to Sell

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other equities research analysts have also recently commented on the stock. Vetr upgraded shares of Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.33 price target for the company in a research report on Wednesday, April 19th. TD Securities reiterated a “buy” rating and set a $5.50 price target on shares of Yamana Gold in a research report on Thursday, May 4th. Scotiabank lifted their price target on shares of Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a research report on Friday, May 5th. Credit Suisse Group AG set a $4.00 price target on shares of Yamana Gold and gave the stock a “hold” rating in a research report on Wednesday, February 15th. Finally, Bank of America Corp cut shares of Yamana Gold from a “neutral” rating to an “underperform” rating and set a $2.80 price target for the company. in a research report on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $4.36.

Yamana Gold (NYSE:AUY) traded up 1.18% during mid-day trading on Friday, reaching $2.57. 9,417,832 shares of the company traded hands. The firm’s market cap is $2.44 billion. Yamana Gold has a one year low of $2.40 and a one year high of $5.99. The stock’s 50-day moving average price is $2.75 and its 200-day moving average price is $2.92.

Yamana Gold (NYSE:AUY) last issued its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by $0.02. Yamana Gold had a positive return on equity of 0.89% and a negative net margin of 97.73%. The business had revenue of $403.50 million for the quarter, compared to analyst estimates of $423.20 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts forecast that Yamana Gold will post $0.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Wednesday, June 28th. Yamana Gold’s payout ratio is currently -1.06%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of Yamana Gold during the fourth quarter worth $5,259,000. Donald Smith & CO. Inc. raised its position in shares of Yamana Gold by 13.2% in the first quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock worth $177,776,000 after buying an additional 7,529,219 shares during the last quarter. Comerica Bank raised its position in shares of Yamana Gold by 10.1% in the fourth quarter. Comerica Bank now owns 113,769 shares of the basic materials company’s stock worth $361,000 after buying an additional 10,437 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Yamana Gold by 9.3% in the first quarter. Shell Asset Management Co. now owns 690,073 shares of the basic materials company’s stock worth $2,533,000 after buying an additional 58,685 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Yamana Gold by 18.2% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 162,725 shares of the basic materials company’s stock worth $449,000 after buying an additional 25,100 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AUY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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