Yamana Gold (TSE:YRI) Upgraded to Outperform at National Bank Financial

Yamana Gold (TSE:YRI) (NYSE:AUY) was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report issued on Friday, June 28th, BayStreet.CA reports. The brokerage currently has a C$4.25 price objective on the stock, up from their prior price objective of C$4.00. National Bank Financial’s price target would indicate a potential upside of 14.56% from the stock’s previous close.

Several other brokerages have also weighed in on YRI. Canaccord Genuity lowered shares of ProMetic Life Sciences to a “hold” rating in a report on Tuesday, April 23rd. Eight Capital cut their target price on shares of Yamana Gold from C$4.75 to C$4.50 in a report on Tuesday, April 16th. Finally, BMO Capital Markets initiated coverage on shares of Yelp in a report on Wednesday, April 17th. They issued an “outperform” rating on the stock.

TSE YRI traded down C$0.06 during trading hours on Friday, hitting C$3.71. The company’s stock had a trading volume of 5,142,100 shares, compared to its average volume of 2,589,339. The stock has a fifty day moving average of C$3.11. Yamana Gold has a twelve month low of C$2.41 and a twelve month high of C$4.20. The firm has a market cap of $3.53 billion and a price-to-earnings ratio of -27.48. The company has a quick ratio of 0.29, a current ratio of 0.93 and a debt-to-equity ratio of 47.81.

Yamana Gold (TSE:YRI) (NYSE:AUY) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$541.27 million during the quarter. As a group, sell-side analysts anticipate that Yamana Gold will post 0.06 EPS for the current year.

In other news, Senior Officer Daniel Racine acquired 70,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of C$2.79 per share, with a total value of C$195,545.00. Following the transaction, the insider now directly owns 369,453 shares in the company, valued at approximately C$1,032,066.96.

About Yamana Gold

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

Further Reading: What are momentum indicators and what do they show?

Receive News & Ratings for Yamana Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold and related companies with MarketBeat.com's FREE daily email newsletter.