Yamana Gold (YRI) Price Target Cut to C$4.00

Yamana Gold (TSE:YRI) (NYSE:AUY) had its price objective reduced by Canaccord Genuity from C$4.25 to C$4.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity’s price objective suggests a potential upside of 33.78% from the company’s current price.

Several other research firms have also weighed in on YRI. National Bank Financial reduced their target price on Yamana Gold from C$5.25 to C$5.00 in a report on Thursday, March 21st. CSFB restated an “outperform” rating and issued a C$4.00 target price on shares of Yamana Gold in a report on Tuesday, February 26th. Eight Capital dropped their price target on Yamana Gold from C$4.75 to C$4.50 in a research report on Tuesday, April 16th. Finally, BMO Capital Markets set a C$2.30 price target on Yamana Gold and gave the stock a “market perform” rating in a research report on Wednesday, April 17th.

YRI opened at C$2.99 on Tuesday. Yamana Gold has a twelve month low of C$2.66 and a twelve month high of C$4.20. The company has a debt-to-equity ratio of 44.71, a current ratio of 0.87 and a quick ratio of 0.26. The company has a market capitalization of $2.81 billion and a P/E ratio of -9.97.

Yamana Gold (TSE:YRI) (NYSE:AUY) last posted its earnings results on Thursday, February 14th. The company reported C$0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$0.02. The company had revenue of C$638.95 million during the quarter. Equities analysts expect that Yamana Gold will post 0.13 earnings per share for the current year.

In other Yamana Gold news, Director Peter Marrone purchased 100,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of C$3.07 per share, with a total value of C$307,340.00. Following the transaction, the director now directly owns 1,916,781 shares in the company, valued at approximately C$5,891,034.73. Also, Senior Officer Richard Campbell sold 12,776 shares of Yamana Gold stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of C$3.68, for a total value of C$47,015.68. Following the completion of the transaction, the insider now directly owns 55,783 shares in the company, valued at C$205,281.44.

Yamana Gold Company Profile

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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