Analysts at Credit Suisse cut their target price on shares of Yamana Gold (NYSE:AUY) from $15.00 to $13.00 in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. Credit Suisse’s price target indicates a potential upside of 34.44% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Yamana Gold from C$13.33 to C$12.86 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Yamana Gold from C$17.50 to C$16.75 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, 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.
Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $15.60.
Shares of Yamana Gold (NYSE:AUY) traded up 0.73% during mid-day trading on Monday, hitting $9.67. 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 currently $9.98. The company has a market cap of $7.277 billion and a P/E ratio of 22.33.
Yamana Gold (NYSE:AUY) last announced its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.04. The company had revenue of $430.50 million for the quarter, compared to the consensus estimate of $486.21 million. During the same quarter last year, the company posted $0.18 earnings per share. Yamana Gold’s revenue was down 19.6% compared to the same quarter last year. Analysts expect that Yamana Gold will post $0.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 11th. Stockholders 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 2.69%. The ex-dividend date of this dividend is Thursday, September 26th.
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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