Credit Suisse Upgrades Yamana Gold (USA) to Outperform

Brokerage firm Credit Suisse Upgrades its rating on Yamana Gold (USA)(NYSE:AUY). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Jun 30, 2016.

In a different note, On May 12, 2016, BMO Capital said it Upgrades its rating on Yamana Gold (USA). The shares have been rated ‘Outperform’ by the firm.

Yamana Gold (USA) (AUY) made into the market gainers list on Tuesdays trading session with the shares advancing 3.65% or 0.2 points. Due to strong positive momentum, the stock ended at $5.68, which is also near the day’s high of $5.74. The stock began the session at $5.62 and the volume stood at 1,17,63,417 shares. The 52-week high of the shares is $5.74 and the 52 week low is $1.38. The company has a current market capitalization of $5,381 M and it has 94,73,00,000 shares in outstanding.

Yamana Gold (USA)(AUY) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $430.30M. Analysts had an estimated revenue of $434.68M. Earnings per share were $0.03.

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 Company’s 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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