Investment analysts at BMO Capital Markets cut their price objective on shares of Yamana Gold (NYSE: AUY) from $21.50 to $13.00 in a note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 34.02% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank cut their price target on shares of Yamana Gold from $17.00 to $14.00 in a research note to investors on Wednesday, July 10th. Separately, analysts at Dundee Securities downgraded shares of Yamana Gold from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, July 9th. Finally, analysts at Zacks downgraded shares of Yamana Gold from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, July 2nd. They now have a $9.20 price target on the stock.
Three analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Yamana Gold has an average rating of “Buy” and a consensus price target of $16.67.
Yamana Gold (NYSE: AUY) traded up 1.13% on Monday, hitting $9.81. 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 $10.34. The company has a market cap of $7.381 billion and a price-to-earnings ratio of 19.44.
Yamana Gold (NYSE: AUY) last released its earnings data on Tuesday, April 30th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.02. The company had revenue of $534.90 million for the quarter, compared to the consensus estimate of $564.56 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts predict that Yamana Gold will post $0.62 earnings per share for the current fiscal year.
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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