Yamana Gold’s (AUY) “Market Perform” Rating Reaffirmed at Raymond James

Raymond James restated their market perform rating on shares of Yamana Gold (NYSE:AUY) (TSE:YRI) in a report issued on Monday morning, BayStreet.CA reports. Raymond James currently has a $3.00 target price on the basic materials company’s stock.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada set a $147.00 target price on Ameriprise Financial and gave the stock a hold rating in a report on Friday, April 26th. Zacks Investment Research cut Hersha Hospitality Trust from a buy rating to a hold rating in a report on Thursday, May 2nd. TD Securities decreased their target price on Yamana Gold from $4.25 to $3.50 and set a buy rating on the stock in a report on Monday. National Bank Financial cut Detour Gold to a hold rating in a report on Friday, June 28th. Finally, GMP Securities cut Yamana Gold from a buy rating to a hold rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $3.15.

AUY stock opened at $2.56 on Monday. The stock has a market cap of $2.50 billion, a P/E ratio of 21.33 and a beta of 0.93. Yamana Gold has a 1 year low of $1.78 and a 1 year high of $3.23. The company has a current ratio of 0.93, a quick ratio of 0.52 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average price of $2.22.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. Yamana Gold had a positive return on equity of 3.09% and a negative net margin of 7.41%. The company had revenue of $407.10 million for the quarter, compared to analysts’ expectations of $414.49 million. During the same period last year, the firm earned ($0.17) EPS. Yamana Gold’s revenue for the quarter was down 10.5% compared to the same quarter last year. Sell-side analysts expect that Yamana Gold will post 0.03 earnings per share for the current year.

A number of large investors have recently bought and sold shares of AUY. Mercer Global Advisors Inc. ADV bought a new stake in Yamana Gold during the first quarter valued at about $28,000. Paloma Partners Management Co bought a new stake in Yamana Gold during the fourth quarter valued at about $30,000. Stamos Capital Partners L.P. bought a new stake in Yamana Gold during the fourth quarter valued at about $32,000. Cetera Advisor Networks LLC bought a new stake in Yamana Gold during the first quarter valued at about $35,000. Finally, Clean Yield Group bought a new stake in Yamana Gold during the first quarter valued at about $37,000. 43.71% of the stock is currently owned by institutional investors and hedge funds.

Yamana Gold Company Profile

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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Analyst Recommendations for Yamana Gold (NYSE:AUY)

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