Brokerage Firm Rating Update on Yamana Gold (AUY)

Yamana Gold (AUY) : 3 brokerage houses believe that Yamana Gold (AUY) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Yamana Gold (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 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.3.

Yamana Gold (AUY) stock is expected to deviate a maximum of $1.78 from the average target price of $5.45 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $3.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Barclays maintains the rating on Yamana Gold (NYSE:AUY). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency raises the 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): stock was range-bound between the intraday low of $4.69 and the intraday high of $4.89 after having opened at $4.88 on Wednesdays session. The stock finally closed in the red at $4.88, a loss of -0.61%. The stock remained in the red for the whole trading day. The total traded volume was 25,600,591 shares. The stock failed to cross $4.89 in Wednesdays trading. The stocks closing price on Thursday was $4.89.

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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