Yamana Gold (TSE:YRI) Reaches New 12-Month High at $8.20

Yamana Gold Inc. (TSE:YRI – Get Rating) (NYSE:AUY) shares reached a new 52-week high on Wednesday . The stock traded as high as C$8.20 and last traded at C$8.09, with a volume of 354790 shares changing hands. The stock had previously closed at C$8.01.

Wall Street Analyst Weigh In

Several research firms recently weighed in on YRI. Eight Capital reduced their price target on shares of Yamana Gold from C$10.00 to C$9.00 in a research report on Wednesday, October 26th. National Bankshares increased their price target on shares of Yamana Gold from C$7.10 to C$8.05 and gave the company a “tender” rating in a research report on Friday, January 13th. Cormark increased their target price on shares of Yamana Gold from C$6.65 to C$6.80 in a research report on Monday, November 7th. Finally, Canaccord Genuity Group cut their target price on shares of Yamana Gold from C$9.25 to C$8.75 in a research report on Thursday, October 20th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$69.05.

Yamana Gold Price Performance

The business’s 50-day moving average price is C$7.50 and its 200 day moving average price is C$6.61. The company has a quick ratio of 1.25, a current ratio of 1.98 and a debt-to-equity ratio of 14.85. The company has a market capitalization of C$7.83 billion and a P/E ratio of 22.03.

Yamana Gold (TSE:YRI – Get Rating) (NYSE:AUY) last released its quarterly earnings data on Thursday, October 27th. The company reported C$0.07 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. The firm had revenue of C$551.16 million during the quarter. Analysts anticipate that Yamana Gold Inc. will post 0.22 EPS for the current fiscal year.

Yamana Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a $0.041 dividend. This is a positive change from Yamana Gold’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, December 29th. Yamana Gold’s dividend payout ratio (DPR) is 32.43%.

Yamana Gold Company Profile

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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.