Yamana Gold (NYSE:AUY) Reaches New 1-Year High at $3.84

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $3.84 and last traded at $3.79, with a volume of 2805239 shares traded. The stock had previously closed at $3.67.

Several research analysts have commented on AUY shares. ValuEngine upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $4.50 target price on shares of Yamana Gold in a report on Monday, October 14th. Royal Bank of Canada lifted their price target on Yamana Gold from $3.00 to $3.50 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Zacks Investment Research raised Yamana Gold from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Wednesday, September 25th. Finally, Barclays set a $3.00 price objective on Yamana Gold and gave the stock a “sell” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.17.

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.58 and a current ratio of 0.94. The firm has a market cap of $3.58 billion, a P/E ratio of 31.08 and a beta of 0.89. The company’s 50 day moving average is $3.45 and its 200 day moving average is $3.01.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Yamana Gold had a net margin of 8.76% and a return on equity of 2.94%. The company had revenue of $357.80 million during the quarter, compared to the consensus estimate of $372.58 million. During the same period in the prior year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was down 15.8% compared to the same quarter last year. On average, equities research analysts anticipate that Yamana Gold Inc. will post 0.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, December 30th. Yamana Gold’s dividend payout ratio (DPR) is 33.33%.

Hedge funds have recently modified their holdings of the stock. Boston Partners acquired a new stake in shares of Yamana Gold during the third quarter valued at about $72,017,000. JPMorgan Chase & Co. boosted its position in Yamana Gold by 459.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,756,217 shares of the basic materials company’s stock worth $21,628,000 after buying an additional 7,192,030 shares during the period. Artemis Investment Management LLP acquired a new stake in Yamana Gold during the 3rd quarter worth approximately $16,226,000. Morgan Stanley grew its holdings in Yamana Gold by 17.4% during the 2nd quarter. Morgan Stanley now owns 17,956,739 shares of the basic materials company’s stock worth $45,251,000 after acquiring an additional 2,659,787 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Yamana Gold by 67.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,090,583 shares of the basic materials company’s stock worth $13,287,000 after acquiring an additional 2,046,440 shares during the last quarter. Institutional investors and hedge funds own 43.23% of the company’s stock.

About Yamana Gold (NYSE:AUY)

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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