Short Term Price Target on Yamana Gold (AUY)

Yamana Gold (NYSE:AUY) : The highest short term price target forecast on Yamana Gold (NYSE:AUY) is $7 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 $4.28 with a standard deviation of $1.71.

Shares of Yamana Gold, Inc. rose by 7.32% in the last five trading days and 23.64% for the last 4 weeks. Yamana Gold, Inc. is up 67.91% in the last 3-month period. Year-to-Date the stock performance stands at 180.33%. Also, Equity analysts at the Brokerage firm BMO Capital upgrades its rating on Yamana Gold (NYSE:AUY). The rating major has initiated the coverage with outperform rating on the shares. 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) : 3 brokerage houses believe that Yamana Gold (NYSE:AUY) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Yamana Gold (NYSE:AUY). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.45.

Yamana Gold (NYSE:AUY): The stock opened at $5.35 on Thursday but the bulls could not build on the opening and the stock topped out at $5.35 for the day. The stock traded down to $5.07 during the day, due to lack of any buying support eventually closed down at $5.20 with a loss of -0.38% for the day. The stock had closed at $5.22 on the previous day. The total traded volume was 13,556,828 shares.

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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