Barclays Boosts Yamana Gold (NYSE:AUY) Price Target to $6.00

Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) had its price objective increased by equities research analysts at Barclays from $5.00 to $6.00 in a research report issued on Thursday, The Fly reports. Barclays‘s price target would indicate a potential downside of 4.46% from the company’s current price.

A number of other analysts also recently weighed in on AUY. Berenberg Bank restated a “buy” rating and issued a $560.00 target price on shares of Yamana Gold in a report on Friday, February 18th. Credit Suisse Group restated an “outperform” rating and set a $5.25 price objective on shares of Yamana Gold in a research report on Friday, February 18th. Zacks Investment Research cut Yamana Gold from a “buy” rating to a “hold” rating in a report on Friday, February 4th. CSFB set a $5.25 price target on Yamana Gold and gave the company an “outperform” rating in a report on Friday, February 18th. Finally, Raymond James set a $6.50 target price on shares of Yamana Gold and gave the stock a “market perform” rating in a research note on Wednesday, April 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $62.23.

NYSE AUY opened at $6.28 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.87 and a quick ratio of 1.50. Yamana Gold has a 1-year low of $3.70 and a 1-year high of $6.40. The business has a 50 day simple moving average of $5.43 and a two-hundred day simple moving average of $4.58. The stock has a market capitalization of $6.03 billion, a PE ratio of 41.87, a P/E/G ratio of 10.90 and a beta of 1.43.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in AUY. Amundi Pioneer Asset Management Inc. lifted its stake in Yamana Gold by 67.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,090,583 shares of the basic materials company’s stock valued at $13,287,000 after acquiring an additional 2,046,440 shares during the period. Sigma Planning Corp lifted its stake in Yamana Gold by 852.5% during the 3rd quarter. Sigma Planning Corp now owns 158,842 shares of the basic materials company’s stock valued at $629,000 after acquiring an additional 142,166 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Yamana Gold by 8.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 77,687 shares of the basic materials company’s stock valued at $307,000 after purchasing an additional 6,121 shares during the period. GWM Advisors LLC lifted its stake in shares of Yamana Gold by 6.0% in the 3rd quarter. GWM Advisors LLC now owns 226,874 shares of the basic materials company’s stock valued at $898,000 after purchasing an additional 12,850 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Yamana Gold by 29.7% in the 3rd quarter. SG Americas Securities LLC now owns 42,992 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 9,838 shares during the period. Institutional investors and hedge funds own 41.82% of the company’s stock.

About Yamana Gold (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. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.

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