Yamana Gold (NYSE:AUY) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) in a research note issued on Friday. The firm set a “hold” rating on the basic materials company’s stock.

Other equities research analysts have also recently issued reports about the stock. National Bank Financial lifted their price objective on shares of Yamana Gold from C$7.10 to C$8.05 in a research report on Friday, January 13th. Raymond James lifted their price target on shares of Yamana Gold from $5.00 to $5.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 31st.

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Yamana Gold Stock Down 0.7 %

AUY stock opened at $5.85 on Friday. The stock has a market capitalization of $5.63 billion, a P/E ratio of -5.68, a P/E/G ratio of 3.21 and a beta of 1.20. The firm has a 50-day simple moving average of $5.67 and a 200-day simple moving average of $5.50. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.21. Yamana Gold has a 52 week low of $3.88 and a 52 week high of $6.40.

Institutional Investors Weigh In On Yamana Gold

Large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its stake in shares of Yamana Gold by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 78,482 shares of the basic materials company’s stock valued at $435,000 after purchasing an additional 2,150 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Yamana Gold by 11.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 23,861 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 2,493 shares during the last quarter. Formidable Asset Management LLC boosted its stake in Yamana Gold by 2.3% during the 3rd quarter. Formidable Asset Management LLC now owns 123,894 shares of the basic materials company’s stock valued at $562,000 after acquiring an additional 2,753 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Yamana Gold by 0.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 428,322 shares of the basic materials company’s stock valued at $2,506,000 after acquiring an additional 3,322 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its stake in Yamana Gold by 37.0% during the 4th quarter. Money Concepts Capital Corp now owns 13,700 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 3,700 shares during the last quarter. Institutional investors and hedge funds own 58.93% of the company’s stock.

About Yamana Gold

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Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada.

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