Yamana Gold (AUY) Rating Lowered to Sell at Zacks Investment Research

Yamana Gold (NYSE:AUY) (TSE:YRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. “

Several other equities analysts have also recently weighed in on AUY. ValuEngine raised Yamana Gold from a “sell” rating to a “hold” rating in a report on Friday, January 4th. CIBC raised Yamana Gold from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $3.20 to $3.75 in a report on Monday, January 21st. Credit Suisse Group set a $4.00 price target on Yamana Gold and gave the stock a “buy” rating in a report on Friday, February 15th. TheStreet raised Yamana Gold from a “d” rating to a “c-” rating in a report on Tuesday, February 19th. Finally, GMP Securities cut Yamana Gold from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $3.31.

Shares of NYSE AUY opened at $2.19 on Wednesday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 18.25 and a beta of 0.81. The company has a quick ratio of 0.50, a current ratio of 0.86 and a debt-to-equity ratio of 0.44. Yamana Gold has a fifty-two week low of $2.00 and a fifty-two week high of $3.23.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings data on Thursday, February 14th. The basic materials company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm had revenue of $483.40 million during the quarter, compared to analysts’ expectations of $495.01 million. Yamana Gold had a positive return on equity of 2.73% and a negative net margin of 15.99%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.20) EPS. As a group, equities research analysts forecast that Yamana Gold will post 0.03 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp grew its position in Yamana Gold by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 137,931,828 shares of the basic materials company’s stock worth $325,519,000 after acquiring an additional 3,572,645 shares during the last quarter. Vanguard Group Inc grew its position in Yamana Gold by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 22,918,829 shares of the basic materials company’s stock worth $57,068,000 after acquiring an additional 769,763 shares during the last quarter. Vanguard Group Inc. grew its position in Yamana Gold by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 22,918,829 shares of the basic materials company’s stock worth $57,068,000 after acquiring an additional 769,763 shares during the last quarter. Deutsche Bank AG grew its position in Yamana Gold by 21.4% during the 4th quarter. Deutsche Bank AG now owns 20,177,062 shares of the basic materials company’s stock worth $47,616,000 after acquiring an additional 3,551,153 shares during the last quarter. Finally, Ruffer LLP bought a new stake in Yamana Gold during the 4th quarter worth $43,419,000. 45.88% of the stock is owned by institutional investors.

About Yamana Gold

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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