Yamana Gold (TSE:YRI) Share Price Crosses Below 50-Day Moving Average of $7.64

Yamana Gold Inc. (TSE:YRI – Get Rating) (NYSE:AUY)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$7.64 and traded as low as C$7.47. Yamana Gold shares last traded at C$7.55, with a volume of 1,825,092 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reduced their price objective on Yamana Gold from C$8.05 to C$7.65 and set a “tender” rating for the company in a research note on Tuesday, February 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$121.53.

Yamana Gold Price Performance

The company has a debt-to-equity ratio of 14.85, a quick ratio of 1.25 and a current ratio of 1.98. The business has a 50 day simple moving average of C$7.64 and a 200-day simple moving average of C$6.96. The stock has a market cap of C$7.26 billion, a P/E ratio of 19.87, a P/E/G ratio of -0.78 and a beta of 1.29.

Yamana Gold Company Profile

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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.