According to Zacks, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. “
Several other equities analysts have also recently weighed in on AUY. Credit Suisse Group set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a research note on Friday, February 15th. ValuEngine raised Yamana Gold from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. TheStreet raised Yamana Gold from a “d” rating to a “c-” rating in a research note on Tuesday, February 19th. Finally, CIBC raised Yamana Gold from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $3.20 to $3.75 in a research note on Monday, January 21st. One 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. The stock currently has an average rating of “Hold” and an average target price of $3.31.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, February 14th. The basic materials company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $483.40 million for the quarter, compared to analysts’ expectations of $495.01 million. Yamana Gold had a positive return on equity of 2.73% and a negative net margin of 15.99%. Yamana Gold’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS. On average, research analysts predict that Yamana Gold will post 0.08 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in AUY. Vanguard Group Inc lifted its holdings in shares of Yamana Gold by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 22,918,829 shares of the basic materials company’s stock valued at $57,068,000 after buying an additional 769,763 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Yamana Gold by 85.7% during the 3rd quarter. Morgan Stanley now owns 9,387,499 shares of the basic materials company’s stock valued at $23,374,000 after buying an additional 4,332,305 shares during the last quarter. Ruffer LLP acquired a new stake in shares of Yamana Gold during the 4th quarter valued at about $43,419,000. TD Asset Management Inc. lifted its holdings in shares of Yamana Gold by 9.8% during the 4th quarter. TD Asset Management Inc. now owns 8,434,002 shares of the basic materials company’s stock valued at $19,822,000 after buying an additional 753,494 shares during the last quarter. Finally, Bennicas & Associates Inc. lifted its holdings in shares of Yamana Gold by 7.2% during the 4th quarter. Bennicas & Associates Inc. now owns 223,700 shares of the basic materials company’s stock valued at $528,000 after buying an additional 15,075 shares during the last quarter. 46.66% of the stock is currently owned by institutional investors.
Yamana Gold Company Profile
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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