Berenberg Bank assumed coverage on shares of Yamana Gold (NYSE:AUY) (TSE:YRI) in a research note issued to investors on Wednesday, The Fly reports. The firm issued a buy rating and a $7.70 target price on the basic materials company’s stock.
AUY has been the topic of a number of other reports. Barclays raised their price target on Yamana Gold from $4.00 to $4.50 and gave the company an underweight rating in a research note on Monday, July 20th. Credit Suisse Group restated an outperform rating and issued a $7.25 price target on shares of Yamana Gold in a research note on Monday, September 21st. Scotiabank raised their price target on Yamana Gold from $5.25 to $5.50 and gave the company a sector perform rating in a research note on Monday, July 27th. TD Securities raised their price target on Yamana Gold from $6.50 to $7.50 and gave the company a buy rating in a research note on Monday, July 27th. Finally, Peel Hunt initiated coverage on Yamana Gold in a research note on Monday, August 3rd. They issued a buy rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $6.45.
NYSE:AUY opened at $5.93 on Wednesday. The firm has a market cap of $5.65 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.36 and a beta of 1.74. The stock has a fifty day moving average price of $5.97 and a 200 day moving average price of $5.38. Yamana Gold has a 12-month low of $2.23 and a 12-month high of $7.02. The company has a current ratio of 1.20, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Thursday, July 23rd. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. The firm had revenue of $303.40 million during the quarter. Yamana Gold had a return on equity of 4.42% and a net margin of 18.62%. Equities analysts forecast that Yamana Gold will post 0.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.0175 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Tuesday, September 29th. Yamana Gold’s dividend payout ratio (DPR) is currently 53.85%.
Several institutional investors and hedge funds have recently bought and sold shares of AUY. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Yamana Gold in the 2nd quarter valued at about $31,000. FDx Advisors Inc. acquired a new position in Yamana Gold in the 1st quarter valued at about $859,000. Private Advisor Group LLC acquired a new position in Yamana Gold in the 2nd quarter valued at about $46,000. Brookstone Capital Management increased its position in Yamana Gold by 15.7% in the 3rd quarter. Brookstone Capital Management now owns 13,648 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 1,848 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in Yamana Gold in the 2nd quarter valued at about $76,000. Institutional investors and hedge funds own 48.72% of the company’s stock.
Yamana Gold Company Profile
Yamana Gold Inc, a precious metals producer, explores for and produces gold and silver ores. Its producing mines comprise the Cerro Moro mine in Argentina, the Canadian Malartic mine in Canada, the El PeÃ±Ã³n and Minera Florida mines in Chile, and the Jacobina mine in Brazil. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.
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