National Bank Financial lowered shares of Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) from an outperform rating to a sector perform rating in a research report released on Friday. The firm currently has C$4.75 target price on the stock, down from their prior target price of C$6.25.
Shares of Yamana Gold (YRI) opened at 3.39 on Friday. The company has a 50-day moving average of $3.35 and a 200-day moving average of $3.43. Yamana Gold has a one year low of $2.84 and a one year high of $5.15. The company’s market capitalization is $3.21 billion.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.006 dividend. This is a positive change from Yamana Gold’s previous quarterly dividend of $0.01. This represents a $0.02 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, December 28th.
About Yamana Gold
Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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