Yamana Gold (YRI) Price Target Cut to C$4.75

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Yamana Gold (TSE:YRI) (NYSE:AUY) had its target price decreased by equities researchers at Canaccord Genuity from C$5.50 to C$4.75 in a report released on Thursday. Canaccord Genuity’s target price would indicate a potential upside of 34.94% from the company’s previous close.

Several other analysts also recently weighed in on the company. National Bank Financial increased their target price on Yamana Gold from C$5.75 to C$6.00 in a research note on Saturday, July 14th. BMO Capital Markets reiterated an “outperform” rating and issued a C$4.25 price objective on shares of Yamana Gold in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$4.88.

Shares of Yamana Gold stock traded up C$0.07 on Thursday, reaching C$3.52. 1,489,875 shares of the company were exchanged, compared to its average volume of 2,389,752. Yamana Gold has a fifty-two week low of C$3.03 and a fifty-two week high of C$4.69.

Yamana Gold (TSE:YRI) (NYSE:AUY) last posted its quarterly earnings results on Thursday, July 26th. The company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.02 by C$0.05. Yamana Gold had a negative return on equity of 17.87% and a negative net margin of 41.69%. The firm had revenue of C$556.90 million for the quarter.

About Yamana Gold

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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