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. Yamana Gold Inc. was founded in 2003 and is headquartered in Toronto, Canada.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Yamana Gold from $5.00 to $6.00 in a report on Thursday, April 21st. Raymond James set a $7.00 target price on shares of Yamana Gold and gave the stock a "market perform" rating in a report on Thursday, April 28th. StockNews.com downgraded shares of Yamana Gold from a "buy" rating to a "hold" rating in a report on Tuesday, May 31st. Canaccord Genuity Group downgraded shares of Yamana Gold from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$10.50 to C$7.50 in a report on Thursday, June 2nd. Finally, National Bank Financial downgraded shares of Yamana Gold to an "outperform" rating in a report on Wednesday, June 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Yamana Gold has a consensus rating of "Moderate Buy" and a consensus price target of $68.50.
Yamana Gold Stock Performance
NYSE:AUY traded up $0.08 during trading hours on Monday, reaching $5.05. The stock had a trading volume of 20,299,679 shares, compared to its average volume of 20,695,559. The stock has a fifty day moving average of $4.96 and a 200 day moving average of $5.10. The stock has a market cap of $4.85 billion, a P/E ratio of 18.70 and a beta of 1.31. Yamana Gold has a 52-week low of $3.70 and a 52-week high of $6.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.55 and a current ratio of 2.00.
Yamana Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.12 annualized dividend and a yield of 2.38%. Yamana Gold's dividend payout ratio is presently 44.45%.