Yamana Gold (NYSE:AUY) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Yamana Gold (NYSE:AUYGet Rating) (TSE:YRI) from a hold rating to a buy rating in a report published on Friday.

AUY has been the subject of several other reports. Zacks Investment Research lowered shares of Yamana Gold from a buy rating to a hold rating in a report on Friday, February 4th. Berenberg Bank restated a buy rating and issued a $560.00 price objective on shares of Yamana Gold in a report on Friday, February 18th. Canaccord Genuity Group upped their price objective on shares of Yamana Gold from C$8.00 to C$9.00 and gave the stock a buy rating in a report on Wednesday, February 23rd. Raymond James set a $6.50 price objective on shares of Yamana Gold and gave the stock a market perform rating in a report on Wednesday, April 6th. Finally, National Bank Financial upped their price objective on shares of Yamana Gold from C$6.50 to C$6.75 in a report on Thursday, February 10th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $68.19.

NYSE:AUY opened at $6.21 on Friday. The company has a fifty day moving average of $5.31 and a 200 day moving average of $4.53. Yamana Gold has a 52 week low of $3.70 and a 52 week high of $6.23. The company has a quick ratio of 1.50, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $5.97 billion, a P/E ratio of 41.40, a P/E/G ratio of 10.90 and a beta of 1.43.

Yamana Gold (NYSE:AUYGet Rating) (TSE:YRI) last posted its quarterly earnings results on Thursday, February 17th. The basic materials company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. Yamana Gold had a net margin of 7.99% and a return on equity of 5.91%. The company had revenue of $503.80 million during the quarter. As a group, analysts anticipate that Yamana Gold will post 0.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 30th. Yamana Gold’s dividend payout ratio is presently 80.00%.

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of Yamana Gold by 105.1% in the 4th quarter. Renaissance Technologies LLC now owns 23,036,304 shares of the basic materials company’s stock worth $97,191,000 after buying an additional 11,803,111 shares during the period. Deutsche Bank AG grew its position in shares of Yamana Gold by 14.3% in the 3rd quarter. Deutsche Bank AG now owns 15,686,143 shares of the basic materials company’s stock worth $62,116,000 after buying an additional 1,961,792 shares during the period. Millennium Management LLC grew its position in Yamana Gold by 243.3% during the 4th quarter. Millennium Management LLC now owns 12,164,160 shares of the basic materials company’s stock valued at $51,271,000 after purchasing an additional 8,621,093 shares during the last quarter. Mackenzie Financial Corp grew its position in Yamana Gold by 15.3% during the 4th quarter. Mackenzie Financial Corp now owns 12,160,415 shares of the basic materials company’s stock valued at $51,145,000 after purchasing an additional 1,614,525 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Yamana Gold by 48.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,002,522 shares of the basic materials company’s stock valued at $37,891,000 after purchasing an additional 2,954,467 shares during the last quarter. 41.82% of the stock is currently owned by hedge funds and other institutional investors.

About Yamana Gold (Get Rating)

Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada.

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