Yamana Gold (TSE:YRI) Price Target Raised to C$7.10 at Cormark

Yamana Gold (TSE:YRIGet Rating) (NYSE:AUY) had its price objective increased by Cormark from C$6.65 to C$7.10 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

YRI has been the subject of a number of other reports. Eight Capital increased their price target on Yamana Gold from C$10.00 to C$10.75 and gave the stock a buy rating in a report on Thursday, April 21st. Canaccord Genuity Group upgraded Yamana Gold from a hold rating to a buy rating and increased their price target for the stock from C$7.50 to C$10.50 in a report on Wednesday, June 8th. BMO Capital Markets reiterated a buy rating and set a C$7.00 price target on shares of Yamana Gold in a report on Tuesday, July 12th. Berenberg Bank reiterated a buy rating and set a C$690.00 price target on shares of Yamana Gold in a report on Thursday, July 7th. Finally, National Bankshares increased their price target on Yamana Gold from C$7.05 to C$7.10 and gave the stock a tender rating in a report on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$60.11.

Yamana Gold Stock Up 0.7 %

Shares of YRI opened at C$6.16 on Tuesday. Yamana Gold has a 52-week low of C$4.78 and a 52-week high of C$8.05. The company has a market capitalization of C$5.92 billion and a PE ratio of 17.11. The stock has a fifty day simple moving average of C$6.40 and a two-hundred day simple moving average of C$6.48. The company has a quick ratio of 1.24, a current ratio of 2.00 and a debt-to-equity ratio of 14.79.

Yamana Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.039 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.16 dividend on an annualized basis and a yield of 2.53%. This is a positive change from Yamana Gold’s previous quarterly dividend of $0.04. Yamana Gold’s dividend payout ratio (DPR) is currently 33.33%.

Yamana Gold Company Profile

(Get Rating)

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.

Featured Stories

Analyst Recommendations for Yamana Gold (TSE:YRI)

Want More Great Investing Ideas?

Receive News & Ratings for Yamana Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold and related companies with MarketBeat.com's FREE daily email newsletter.