Yamana Gold (NYSE:AUY) had its target price reduced by National Bank Financial from C$14.00 to C$13.00 in a research note released on Wednesday morning, AnalystRatingsNetwork.com reports. They currently have an outperform rating on the stock.
Yamana Gold (NYSE:AUY) opened at 9.93 on Wednesday. Yamana Gold has a 52 week low of $8.55 and a 52 week high of $20.59. The stock’s 50-day moving average is $10.07 and its 200-day moving average is $10.66. The company has a market cap of $7.476 billion and a P/E ratio of 23.09.
Yamana Gold (NYSE:AUY) last announced its earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.01. The company had revenue of $456.70 million for the quarter, compared to the consensus estimate of $484.96 million. During the same quarter last year, the company posted $0.24 earnings per share. Yamana Gold’s revenue was down 25.4% compared to the same quarter last year. Analysts expect that Yamana Gold will post $0.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.07 per share. This represents a $0.26 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, December 27th.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an outperform rating on shares of Yamana Gold in a research note to investors on Monday. They now have a $13.00 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Yamana Gold in a research note to investors on Thursday, October 24th. They set a buy rating and a $12.50 price target on the stock. Finally, analysts at HSBC upgraded shares of Yamana Gold from an underweight rating to a neutral rating in a research note to investors on Monday, October 21st. They now have a $10.00 price target on the stock, up previously from $9.30. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $13.31.
Yamana Gold Inc (NYSE:AUY) is a gold producer engaged in gold and other precious metals mining and related activities, including exploration, extraction, processing and reclamation.
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