Yamana Gold Inc. (AUY) Shares Down 6.5%

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) shares were down 6.5% during trading on Monday . The company traded as low as $2.86 and last traded at $2.88. Approximately 13,043,420 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 12,309,100 shares. The stock had previously closed at $3.08.

A number of research analysts recently commented on AUY shares. ValuEngine cut Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. National Bank Financial reissued an “outperform market weight” rating on shares of Yamana Gold in a research note on Sunday, June 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $3.75 target price on shares of Yamana Gold in a research note on Tuesday, June 13th. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $3.25 target price on shares of Yamana Gold in a research note on Thursday, June 15th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $3.25 target price on shares of Yamana Gold in a research note on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Yamana Gold has an average rating of “Hold” and an average price target of $3.71.

The stock’s 50-day moving average price is $2.72 and its 200 day moving average price is $2.68. The company’s market cap is $2.76 billion.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). The company had revenue of $428.10 million during the quarter, compared to analysts’ expectations of $428.65 million. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. Yamana Gold’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. Equities analysts anticipate that Yamana Gold Inc. will post $0.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.005 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.02 annualized dividend and a yield of 0.69%. Yamana Gold’s dividend payout ratio (DPR) is -4.44%.

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Yamana Gold in the 2nd quarter valued at about $107,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Yamana Gold in the 1st quarter valued at about $111,000. Creative Planning boosted its position in Yamana Gold by 76.6% in the 2nd quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock valued at $111,000 after buying an additional 19,795 shares during the period. Stephens Inc. AR boosted its position in Yamana Gold by 1.1% in the 2nd quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock valued at $116,000 after buying an additional 499 shares during the period. Finally, QCM Cayman Ltd. purchased a new stake in Yamana Gold in the 2nd quarter valued at about $117,000. 42.44% of the stock is owned by institutional investors.

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Yamana Gold Company Profile

Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.

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