Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) had its price target reduced by equities research analysts at TD Securities from $7.00 to $6.00 in a research note issued to investors on Monday, BayStreet.CA reports. TD Securities’ target price points to a potential upside of 36.67% from the stock’s current price.
Separately, StockNews.com initiated coverage on shares of Yamana Gold in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.25.
Yamana Gold Trading Down 1.8 %
Shares of NYSE AUY traded down $0.08 on Monday, reaching $4.39. 296,949 shares of the company traded hands, compared to its average volume of 19,251,869. Yamana Gold has a fifty-two week low of $3.70 and a fifty-two week high of $6.40. The company has a 50 day moving average of $4.53 and a 200 day moving average of $4.93. The company has a current ratio of 2.00, a quick ratio of 1.55 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $4.22 billion, a PE ratio of 16.85 and a beta of 1.24.
Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) last posted its quarterly earnings data on Thursday, July 28th. The basic materials company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $485.60 million during the quarter. Yamana Gold had a net margin of 13.99% and a return on equity of 6.03%. On average, equities research analysts forecast that Yamana Gold will post 0.27 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Fractal Investments LLC boosted its stake in Yamana Gold by 100.0% during the third quarter. Fractal Investments LLC now owns 24,200 shares of the basic materials company’s stock valued at $110,000 after buying an additional 12,100 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Yamana Gold in the third quarter valued at $34,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Yamana Gold in the third quarter worth approximately $46,000. Nordea Investment Management AB boosted its holdings in shares of Yamana Gold by 18.9% during the third quarter. Nordea Investment Management AB now owns 1,765,911 shares of the basic materials company’s stock worth $7,973,000 after purchasing an additional 280,654 shares during the period. Finally, Mackenzie Financial Corp grew its position in Yamana Gold by 15.7% during the third quarter. Mackenzie Financial Corp now owns 9,237,058 shares of the basic materials company’s stock valued at $41,747,000 after purchasing an additional 1,253,223 shares in the last quarter. Institutional investors own 55.45% of the company’s stock.
Yamana Gold Company Profile
Yamana Gold Inc, together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development-stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.