Yamana Gold (AUY) : 10 analysts are covering Yamana Gold (AUY) and their average rating on the stock is 2.3, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Yamana Gold (AUY) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Yamana Gold (AUY) : The highest short term price target forecast on Yamana Gold (AUY) is $7 and the lowest target price is $3. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $5.45 with a standard deviation of $1.78.
Also, In a research note released to the investors, Barclays maintains its rating on Yamana Gold (NYSE:AUY).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays raises the new price target from $4 per share to $6 per share. The rating by the firm was issued on August 8, 2016.
Yamana Gold (NYSE:AUY): After opening at $4.43, the stock dipped to an intraday low of $4.33 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.675 and the buying power remained strong till the end. The stock closed at $4.51 for the day, a gain of 1.12% for the day session. The total traded volume was 21,385,904. The stocks close on the previous trading day was $4.46.
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.