Yamana Gold (NYSE:AUY) had its price objective cut by Raymond James from C$17.50 to C$16.75 in a research report released on Friday morning, Analyst Ratings.Net reports. Raymond James currently has an outperform rating on the stock.
Raymond James has also modified their ratings on a number of other basic materials stocks in the few days. The firm raised its price target on shares of Targa Resources Partners from $50.00 to $53.00. They have an outperform rating on that stock. Also, Raymond James lowered its price target on shares of Mercer International from $9.00 to $8.00. They have an outperform rating on that stock. Finally, Raymond James raised its price target on shares of LKQ Co. from $27.50 to $32.00. They have an outperform rating on that stock.
Yamana Gold (NYSE:AUY) traded down 7.24% on Friday, hitting $8.97. Yamana Gold has a 1-year low of $8.55 and a 1-year high of $20.59. The stock’s 50-day moving average is currently $9.93. The company has a market cap of $6.750 billion and a price-to-earnings ratio of 22.49.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 11th. Shareholders of record on Monday, September 30th will be given a dividend of $0.07 per share. This represents a $0.26 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, September 26th.
A number of other analysts have also recently weighed in on AUY. Analysts at TD Securities cut their price target on shares of Yamana Gold from C$14.00 to C$13.00 in a research note to investors on Friday. They now have a buy rating on the stock. Separately, analysts at National Bank Financial cut their price target on shares of Yamana Gold from C$14.50 to C$14.00 in a research note to investors on Friday. Finally, analysts at Zacks upgraded shares of Yamana Gold from an underperform rating to a neutral rating in a research note to investors on Wednesday, July 31st. They now have a $10.90 price target on the stock.
Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. Yamana Gold currently has an average rating of Buy and an average price target of $15.54.
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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