Yamana Gold (AUY) : The consensus on Yamana Gold (AUY) based on 11 analyst recommendation on the company stock is 2.45, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell 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 $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.
Yamana Gold (NYSE:AUY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.84 and $5.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.85, notching a gain of 2.99% for the day. The total traded volume was 15,177,959 . The stock had closed at $5.68 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Credit Suisse, upgrades their rating on the shares of Yamana Gold (NYSE:AUY). Credit Suisse has a Outperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 30, 2016. The company shares have rallied 100.00% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $5.74 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.84 and the 200 Day Moving Average price is recorded at $3.43.
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.