Yamana Gold (YRI) Sets New 12-Month Low at $2.94

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) reached a new 52-week low on Monday . The stock traded as low as C$2.94 and last traded at C$2.98, with a volume of 1247552 shares. The stock had previously closed at C$3.05.

Several equities research analysts have recently weighed in on YRI shares. Canaccord Genuity decreased their price objective on shares of Yamana Gold from C$5.50 to C$4.75 in a research report on Thursday, October 18th. National Bank Financial increased their price objective on shares of Yamana Gold from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Monday, July 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$4.25 price objective on shares of Yamana Gold in a research report on Tuesday, July 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$4.88.

Yamana Gold (TSE:YRI) (NYSE:AUY) last posted its quarterly earnings results on Thursday, October 25th. The company reported C$0.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.01. The business had revenue of C$544.72 million during the quarter. Yamana Gold had a negative net margin of 41.69% and a negative return on equity of 17.87%.

The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, October 12th were issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, September 27th.

Yamana Gold Company Profile (TSE:YRI)

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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