Yamana Gold Inc. (TSE:YRI – Get Rating) (NYSE:AUY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$7.73 and traded as high as C$8.08. Yamana Gold shares last traded at C$8.03, with a volume of 1,461,326 shares changing hands.
Analyst Ratings Changes
A number of analysts have commented on YRI shares. Cormark boosted their price target on shares of Yamana Gold from C$6.65 to C$6.80 in a research report on Monday, November 7th. National Bankshares boosted their target price on Yamana Gold from C$7.10 to C$8.05 and gave the stock a "tender" rating in a report on Friday, January 13th. Eight Capital decreased their price target on Yamana Gold from C$10.00 to C$9.00 in a research note on Wednesday, October 26th. Finally, Canaccord Genuity Group dropped their price objective on Yamana Gold from C$9.25 to C$8.75 in a research note on Thursday, October 20th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$69.05.
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Yamana Gold Trading Down 1.8 %
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 company's 50 day moving average price is C$7.75 and its 200 day moving average price is C$6.74. The company has a market cap of C$7.70 billion and a price-to-earnings ratio of 22.05.
Yamana Gold Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.041 per share. This is a positive change from Yamana Gold's previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, December 29th. Yamana Gold's dividend payout ratio (DPR) is 32.43%.
About Yamana Gold
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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.
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