Yamana Gold (AUY) : 10 Wall Street analysts covering Yamana Gold (AUY) believe that the average level the stock could reach for the short term is $5.45. The maximum price target given is $7 and the minimum target for short term is around $3, hence the standard deviation is calculated at $1.78.
Yamana Gold (AUY) : 11 analysts are covering Yamana Gold (AUY) and their average rating on the stock is 2.36, 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 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Barclays maintains its view on Yamana Gold (NYSE:AUY) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Barclays raises the price target from $4 per share to $6 per share on Yamana Gold . The rating by the firm was issued on August 8, 2016.
Yamana Gold (NYSE:AUY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.03 and $4.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.25, notching a gain of 5.46% for the day. The total traded volume was 28,152,897 . The stock had closed at $4.03 on the previous day.
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.