Yamana Gold (TSE:YRI – Get Rating) (NYSE:AUY) had its target price upped by equities research analysts at National Bankshares from C$8.75 to C$9.25 in a research note issued on Wednesday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 17.98% from the company’s previous close.
A number of other analysts have also recently commented on YRI. Canaccord Genuity Group upped their price target on Yamana Gold from C$8.00 to C$9.00 in a research report on Wednesday, February 23rd. Credit Suisse Group reiterated an “outperform” rating and issued a C$7.00 price target on shares of Yamana Gold in a report on Friday, February 18th. Raymond James reaffirmed a “hold” rating and issued a C$6.00 price objective on shares of Yamana Gold in a research note on Friday, February 18th. Royal Bank of Canada set a C$5.00 price target on Yamana Gold and gave the company a “sector perform” rating in a report on Friday, February 18th. Finally, National Bank Financial raised their target price on shares of Yamana Gold to C$6.75 and gave the stock an “outperform” rating in a report on Thursday, February 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Yamana Gold currently has a consensus rating of “Buy” and an average target price of C$56.33.
Shares of Yamana Gold stock traded down C$0.04 during mid-day trading on Wednesday, hitting C$7.84. 2,391,858 shares of the stock were exchanged, compared to its average volume of 3,108,908. The company has a 50-day simple moving average of C$6.81 and a 200 day simple moving average of C$5.76. The company has a market capitalization of C$7.53 billion and a P/E ratio of 41.59. Yamana Gold has a 12 month low of C$4.78 and a 12 month high of C$8.05. The company has a debt-to-equity ratio of 16.27, a quick ratio of 1.18 and a current ratio of 1.87.
In other news, Director Peter Marrone sold 128,325 shares of the company’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of C$6.75, for a total transaction of C$866,578.73. Following the completion of the transaction, the director now directly owns 2,202,158 shares of the company’s stock, valued at approximately C$14,871,172.97. Also, Director Daniel Racine sold 37,945 shares of the stock in a transaction dated Monday, February 14th. The shares were sold at an average price of C$5.64, for a total value of C$214,009.80. Following the completion of the transaction, the director now owns 619,245 shares in the company, valued at approximately C$3,492,541.80. Over the last quarter, insiders have sold 232,331 shares of company stock valued at $1,475,880.
Yamana Gold Company Profile (Get Rating)
Yamana Gold Inc, together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina producer. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.
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