Analysts at HSBC reduced their price objective on shares of Yamana Gold (NYSE:AUY) from $10.00 to $9.60 in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. HSBC’s price target points to a potential upside of 1.05% from the stock’s previous close.
AUY has been the subject of a number of other recent research reports. Analysts at Scotiabank cut their price target on shares of Yamana Gold from $13.00 to $12.50 in a research note to investors on Thursday, October 31st. Separately, analysts at Cowen and Company cut their price target on shares of Yamana Gold from $12.89 to $12.30 in a research note to investors on Thursday, October 31st. They now have an “outperform” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Yamana Gold to $12.00 in a research note to investors on Thursday, October 31st. They now have a “sector outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. Yamana Gold currently has a consensus rating of “Buy” and a consensus price target of $13.28.
Yamana Gold (NYSE:AUY) traded up 2.15% on Thursday, hitting $9.50. The stock had a trading volume of 7,374,633 shares. Yamana Gold has a one year low of $8.55 and a one year high of $19.75. The stock has a 50-day moving average of $9.76 and a 200-day moving average of $10.51. The company has a market cap of $7.153 billion and a price-to-earnings ratio of 22.79.
Yamana Gold (NYSE:AUY) last released its earnings data on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 25.4% on a year-over-year basis. Analysts expect that Yamana Gold will post $0.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.07 per share. This represents a $0.26 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, December 27th.
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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