Yamana Gold (AUY) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Yamana Gold (NYSE:AUY) (TSE:YRI) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

AUY has been the subject of a number of other reports. Zacks Investment Research upgraded Yamana Gold from a strong sell rating to a hold rating in a research report on Friday, October 20th. Desjardins restated a hold rating on shares of Yamana Gold in a research report on Monday, December 11th. National Bank Financial downgraded Yamana Gold from an outperform rating to a sector perform rating in a research report on Friday, October 27th. TD Securities set a $4.00 price target on Yamana Gold and gave the stock a buy rating in a research report on Monday, October 16th. Finally, BMO Capital Markets restated a hold rating and issued a $3.00 price target on shares of Yamana Gold in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $3.46.

Yamana Gold (NYSE:AUY) opened at $3.44 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $3,167.99, a P/E ratio of -8.60 and a beta of 0.63. Yamana Gold has a 52-week low of $2.21 and a 52-week high of $3.65.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.005 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.58%. Yamana Gold’s dividend payout ratio is presently -5.00%.

A number of hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its stake in Yamana Gold by 37.1% in the second quarter. Van ECK Associates Corp now owns 105,537,134 shares of the basic materials company’s stock worth $256,603,000 after purchasing an additional 28,580,991 shares during the period. Vanguard Group Inc. increased its stake in Yamana Gold by 4.6% in the second quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after purchasing an additional 979,468 shares during the period. Mackenzie Financial Corp increased its stake in Yamana Gold by 1.7% in the third quarter. Mackenzie Financial Corp now owns 7,414,900 shares of the basic materials company’s stock worth $19,649,000 after purchasing an additional 122,420 shares during the period. Public Sector Pension investment Board increased its stake in Yamana Gold by 245.3% in the second quarter. Public Sector Pension investment Board now owns 5,253,531 shares of the basic materials company’s stock worth $12,662,000 after purchasing an additional 3,732,000 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Yamana Gold by 8.6% in the third quarter. Ameriprise Financial Inc. now owns 4,945,509 shares of the basic materials company’s stock worth $13,106,000 after purchasing an additional 391,534 shares during the period. Institutional investors and hedge funds own 40.55% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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