Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) had its target price lifted by stock analysts at Raymond James from $5.00 to $5.50 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the basic materials company's stock. Raymond James' target price would indicate a potential downside of 8.79% from the company's previous close.

AUY has been the topic of a number of other reports. StockNews.com started coverage on shares of Yamana Gold in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. TD Securities cut their price objective on shares of Yamana Gold from $7.00 to $6.00 in a research report on Monday, October 31st. Finally, National Bank Financial increased their price objective on shares of Yamana Gold from C$7.10 to C$8.05 in a research report on Friday, January 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.20.

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Yamana Gold Stock Up 0.5 %

NYSE:AUY opened at $6.03 on Tuesday. The firm's 50-day moving average price is $5.73 and its 200-day moving average price is $5.04. The company has a market capitalization of $5.79 billion, a PE ratio of 23.19, a P/E/G ratio of 3.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.52. Yamana Gold has a 1-year low of $3.88 and a 1-year high of $6.40.

Hedge Funds Weigh In On Yamana Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Formidable Asset Management LLC lifted its stake in Yamana Gold by 2.3% during the 3rd quarter. Formidable Asset Management LLC now owns 123,894 shares of the basic materials company's stock valued at $562,000 after acquiring an additional 2,753 shares during the period. Guggenheim Capital LLC lifted its stake in Yamana Gold by 0.8% during the 1st quarter. Guggenheim Capital LLC now owns 536,859 shares of the basic materials company's stock valued at $2,996,000 after acquiring an additional 4,247 shares during the period. Bennicas & Associates Inc. lifted its stake in shares of Yamana Gold by 1.4% in the 4th quarter. Bennicas & Associates Inc. now owns 410,620 shares of the basic materials company's stock worth $2,279,000 after purchasing an additional 5,500 shares during the period. Level Four Advisory Services LLC lifted its stake in shares of Yamana Gold by 33.9% in the 2nd quarter. Level Four Advisory Services LLC now owns 24,865 shares of the basic materials company's stock worth $116,000 after purchasing an additional 6,300 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Yamana Gold by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,539,992 shares of the basic materials company's stock worth $6,976,000 after purchasing an additional 6,346 shares during the period. Institutional investors own 58.93% of the company's stock.

Yamana Gold Company Profile

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Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada.

Further Reading

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