Yamana Gold (NYSE:AUY) Stock Price Down 5.6%

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was down 5.6% on Friday . The company traded as low as $3.55 and last traded at $3.56, approximately 22,260,510 shares changed hands during trading. An increase of 54% from the average daily volume of 14,449,590 shares. The stock had previously closed at $3.77.

Several analysts recently weighed in on the company. Barclays set a $3.00 price target on Yamana Gold and gave the stock a “sell” rating in a report on Tuesday, October 15th. CIBC set a $4.00 price objective on Yamana Gold and gave the company a “buy” rating in a report on Friday, September 6th. Royal Bank of Canada started coverage on Yamana Gold in a research report on Wednesday. They set a “hold” rating and a $3.75 price objective on the stock. National Bank Financial set a $6.00 target price on Yamana Gold and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.19.

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.58. The business’s 50-day moving average price is $3.49 and its two-hundred day moving average price is $3.05. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 29.00 and a beta of 0.88.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.04 annualized dividend and a yield of 1.12%. Yamana Gold’s dividend payout ratio is presently 33.33%.

A number of hedge funds have recently bought and sold shares of AUY. Amundi Pioneer Asset Management Inc. grew its stake in Yamana Gold by 67.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,090,583 shares of the basic materials company’s stock worth $13,287,000 after buying an additional 2,046,440 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Yamana Gold during the 2nd quarter worth approximately $55,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Yamana Gold by 5.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 87,032 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 4,400 shares during the period. GFS Advisors LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter worth approximately $25,000. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Yamana Gold by 55.8% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 316,346 shares of the basic materials company’s stock worth $800,000 after acquiring an additional 113,294 shares in the last quarter. 43.23% of the stock is owned by institutional investors and hedge funds.

Yamana Gold Company Profile (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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