Yamana Gold (TSE:YRI) (NYSE:AUY)’s stock had its “buy” rating restated by Berenberg Bank in a research report issued on Wednesday, TipRanks reports. They presently have a C$540.00 price objective on the stock.
A number of other brokerages also recently commented on YRI. Raymond James reissued a “market perform” rating on shares of Yamana Gold in a research report on Friday, October 29th. CSFB set a C$5.50 price objective on shares of Yamana Gold and gave the company an “outperform” rating in a research report on Tuesday, December 7th. Credit Suisse Group reissued an “outperform” rating and issued a C$5.50 price objective on shares of Yamana Gold in a research report on Tuesday, December 7th. National Bank Financial decreased their price objective on shares of Yamana Gold to C$7.25 and set an “outperform” rating for the company in a research report on Friday, September 10th. Finally, Peel Hunt reduced their target price on shares of Yamana Gold from C$9.75 to C$9.50 and set a “buy” rating for the company in a report on Monday, November 15th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$52.04.
YRI stock traded down C$0.10 during midday trading on Wednesday, hitting C$4.83. The company’s stock had a trading volume of 1,199,735 shares, compared to its average volume of 2,913,114. The company has a debt-to-equity ratio of 15.07, a current ratio of 1.83 and a quick ratio of 1.13. Yamana Gold has a twelve month low of C$4.80 and a twelve month high of C$7.85. The company’s fifty day moving average price is C$5.17 and its 200 day moving average price is C$5.42. The stock has a market capitalization of C$4.65 billion and a P/E ratio of 27.23.
Yamana Gold (TSE:YRI) (NYSE:AUY) last issued its quarterly earnings results on Thursday, October 28th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.09. The business had revenue of C$569.40 million during the quarter. Equities analysts expect that Yamana Gold will post 0.21 EPS for the current fiscal year.
In other news, Senior Officer Yohann Bouchard bought 20,000 shares of the company’s stock in a transaction dated Friday, November 5th. The stock was bought at an average cost of C$5.01 per share, for a total transaction of C$100,200.00. Following the transaction, the insider now owns 158,888 shares of the company’s stock, valued at C$796,028.88. Also, Director Daniel Racine bought 15,000 shares of the company’s stock in a transaction dated Friday, November 5th. The stock was purchased at an average price of C$5.15 per share, with a total value of C$77,280.00. Following the completion of the transaction, the director now directly owns 588,898 shares in the company, valued at approximately C$3,034,002.50.
About Yamana Gold
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 producer. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.