Yamana Stock- Yamana Gold (TSE:YRI) PT Lowered to C$9.75
Gold logo” title=”Yamana Gold logo” class=”companylogo”/>Yamana Gold (TSE:YRI) (NYSE:AUY) had its target price dropped by equities research analysts at Peel Hunt from C$10.00 to C$9.75 in a research note issued on Saturday, BayStreet.CA reports. Peel Hunt’s price target suggests a potential upside of 58.28% from the company’s previous close.
Several other brokerages have also weighed in on YRI. CIBC dropped their target price on Yamana Gold from C$10.00 to C$9.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 27th. National Bankshares increased their target price on Yamana Gold from C$7.00 to C$7.25 and gave the stock a “sector perform” rating in a research report on Friday, April 23rd. National Bank Financial increased their target price on Yamana Gold to C$7.25 and gave the stock a “sector perform” rating in a research report on Friday, April 23rd. Raymond James increased their price target on Yamana Gold to C$8.00 and gave the stock a “market perform” rating in a research note on Thursday, April 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a C$6.00 price target on shares of Yamana Gold in a research note on Thursday, April 29th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$8.59.
Shares of YRI opened at C$6.16 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.56 and a debt-to-equity ratio of 20.16. The firm has a market cap of C$5.95 billion and a price-to-earnings ratio of 22.81. Yamana Gold has a 52-week low of C$5.06 and a 52-week high of C$9.29. The business’s 50 day moving average is C$5.78 and its two-hundred day moving average is C$6.44.
Yamana Gold (TSE:YRI) (NYSE:AUY) last posted its quarterly earnings results on Thursday, February 11th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.12 by C$0.02. The firm had revenue of C$601.91 million for the quarter. On average, equities analysts expect that Yamana Gold will post 0.4 earnings per share for the current fiscal year.
In related news, Director Peter Marrone sold 8,806 shares of the stock in a transaction on Thursday, March 18th. The stock was sold at an average price of C$5.80, for a total value of C$51,079.20. Following the completion of the transaction, the director now owns 2,192,112 shares in the company, valued at approximately C$12,715,345.66. Also, Senior Officer Sofia Tsakos sold 7,021 shares of the stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of C$5.96, for a total value of C$41,845.16. Following the completion of the sale, the insider now directly owns 207,675 shares of the company’s stock, valued at C$1,237,743. Insiders sold a total of 130,943 shares of company stock valued at $735,585 in the last quarter.
About Yamana Gold
Yamana Gold Inc 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 producer. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.
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Like any group of stocks related to travel and tourism, hotel stocks saw a steep drop in share prices in 2020. The leisure and hospitality sector that once had 15 million employees has lost 4 million jobs since February.
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