Yamana Gold’s (YRI) Hold Rating Reaffirmed at Desjardins

Desjardins reissued their hold rating on shares of Yamana Gold (TSE:YRI) (NYSE:AUY) in a report issued on Monday morning.

Several other brokerages have also issued reports on YRI. Eight Capital reissued a buy rating on shares of Yamana Gold in a research note on Thursday, November 16th. National Bank Financial lowered Yamana Gold from an outperform rating to a sector perform rating and dropped their price target for the company from C$6.25 to C$4.75 in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of C$5.28.

Yamana Gold (TSE:YRI) opened at C$3.18 on Monday. Yamana Gold has a 12 month low of C$2.84 and a 12 month high of C$4.80.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.006 per share. This is an increase from Yamana Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.75%. Yamana Gold’s payout ratio is currently -4.17%.

In other Yamana Gold news, insider Ross Douglas Gallinger acquired 14,500 shares of Yamana Gold stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of C$3.43 per share, for a total transaction of C$49,735.00. Also, Director Peter Marrone acquired 50,000 shares of Yamana Gold stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of C$3.40 per share, with a total value of C$170,000.00. In the last 90 days, insiders have bought 144,400 shares of company stock valued at $496,226.

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Yamana Gold Company Profile

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.

Analyst Recommendations for Yamana Gold (TSE:YRI)

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