Eight Capital Increases Yamana Gold (TSE:YRI) Price Target to C$10.75

Yamana Gold (TSE:YRIGet Rating) (NYSE:AUY) had its target price upped by research analysts at Eight Capital from C$10.00 to C$10.75 in a research note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price target points to a potential upside of 42.95% from the stock’s current price.

YRI has been the topic of a number of other reports. Raymond James reaffirmed a “hold” rating and set a C$6.00 target price on shares of Yamana Gold in a research report on Friday, February 18th. Credit Suisse Group reaffirmed an “outperform” rating and set a C$7.00 target price on shares of Yamana Gold in a research report on Friday, February 18th. Berenberg Bank reaffirmed a “buy” rating and set a C$590.00 target price on shares of Yamana Gold in a research report on Tuesday, April 5th. CSFB set a C$5.25 target price on shares of Yamana Gold and gave the stock an “outperform” rating in a research report on Thursday, February 10th. Finally, National Bankshares raised their target price on shares of Yamana Gold from C$8.75 to C$9.25 in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$56.29.

TSE YRI traded down C$0.34 during trading on Thursday, hitting C$7.52. The stock had a trading volume of 2,697,605 shares, compared to its average volume of 3,117,763. The company has a debt-to-equity ratio of 16.27, a quick ratio of 1.18 and a current ratio of 1.87. The stock has a market capitalization of C$7.23 billion and a price-to-earnings ratio of 39.58. Yamana Gold has a one year low of C$4.78 and a one year high of C$8.05. The stock has a 50 day simple moving average of C$6.87 and a 200 day simple moving average of C$5.78.

Yamana Gold (TSE:YRIGet Rating) (NYSE:AUY) last announced its quarterly earnings data on Thursday, February 17th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.11 by C$0.03. The firm had revenue of C$635.16 million during the quarter. On average, sell-side analysts predict that Yamana Gold will post 0.22 EPS for the current year.

In other Yamana Gold news, Director Daniel Racine sold 37,945 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 619,245 shares in the company, valued at C$3,492,541.80. Also, Senior Officer Richard Campbell sold 13,246 shares of the firm’s stock in a transaction that occurred on Monday, February 14th. The shares were sold at an average price of C$5.64, for a total transaction of C$74,707.44. Following the completion of the sale, the insider now owns 129,458 shares of the company’s stock, valued at C$730,143.12. Over the last three months, insiders have sold 232,331 shares of company stock worth $1,475,880.

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 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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Analyst Recommendations for Yamana Gold (TSE:YRI)

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