Analyst Rating Update on Yamana Gold (AUY)

Yamana Gold (AUY) has an average broker rating of 2.36, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Yamana Gold (AUY) : The most positive equity analysts on Yamana Gold (AUY) expects the shares to touch $7, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $5.08 with an expected fluctuation of $1.73 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm HSBC upgrades its rating on Yamana Gold (NYSE:AUY). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 25, 2016.


Yamana Gold (NYSE:AUY): The stock opened at $5.82 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.82 for the day. The stock traded down to $5.66 during the day, due to lack of any buying support eventually closed down at $5.78 with a loss of -1.03% for the day. The stock had closed at $5.84 on the previous day. The total traded volume was 7,802,555 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.