Price Target Update on Yamana Gold (NYSE:AUY)

Yamana Gold (NYSE:AUY) : The highest short term price target forecast on Yamana Gold (NYSE:AUY) is $5 and the lowest target price is $2. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $3.92 with a standard deviation of $1.24.

Other Equity analysts have also commented on the company shares. BMO Capital upgrades their rating on the shares of Yamana Gold (NYSE:AUY). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 12, 2016.

Yamana Gold (NYSE:AUY): On Thursdays trading session , Opening price of the stock was $4.89 with an intraday high of $4.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.81. However, the stock managed to close at $4.85, a loss of 1.62% for the day. On the previous day, the stock had closed at $4.93. The total traded volume of the day was 8,273,808 shares.

The company shares have rallied 60.06% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $5.38 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.70 and the 200 Day Moving Average price is recorded at $3.22.

Yamana Gold Inc. is a Canada-based gold producer. The Company is engaged in gold mining and related activities, including exploration, extraction, processing and reclamation. The Companys production mines include Chapada, Brazil; El Penon, Chile; Canadian Malartic, Canada; Mercedes, Mexico; Gualcamayo, Argentina; Jacobina, Brazil; Minera Florida, Chile, and Other Producing Mines. Its development properties include Cerro Moro, Agua Rica and Suyai in Argentina. The Company has a total gold proven and probable mineral resource of around 18.750 million tons at Alumbrera, 126.95 million tons at Canadian Malartic, 509.15 million tons at Chapada, 1.96 million tons at Cerro Morro, 10.41 million tons at El Penon, 29.16 million tons at Gualcamayo, 22.85 million tons at Jacobina, 8.68 million tons at Jeronimo, 4.01 million tons at Mercedes, 7.89 million tons at Minera Florida, 24.03 million tons at C1-Santa Luz, 2.05 million tons at Fazenda Brasileiro and 10.58 million tons at Pilar.

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