Bank of America Corp Downgrades Yamana Gold Inc. (AUY) to Underperform
- Author: Zachary Reyes Feb 25, 2017,
Feb 25, 2017, 5:50
An influential analyst on Wall Street may give a stock that is now trading at $60 a one-year price target of $90; however, there is no concrete way to calculate a price target. This rating was issued on 2/22/17. It opened the session with a $3.075 price tag, later ranging from $2.95 to $3.09, the range at which the stock has traded at throughout the day. They now have a Dollars 4.5 price target on the stock. They now have a United States dollars 6.5 price target on the stock. Yamana Gold Inc.'s (AUY) is a part of Basic Materials sector and belongs to Gold industry.
Yamana Gold Inc. (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. (NYSE:AUY) to Neutral by settling a price target of $4 on 1/13/17. There may be many price targets for a single security. Finally, Fiera Capital Corp increased its stake in Yamana Gold by 88.3% in the second quarter. Yamana Gold has a 12-month low of $2.16 and a 12-month high of $5.99. (NYSE:AUY) to Equal-Weight with a price target of $6. RBC Capital Markets upgraded Yamana Gold from a "sector perform" rating to an "outperform" rating and lowered their price target for the company from $7.00 to $4.50 in a report on Monday, December 12th.
Yamana Gold (USA) (AUY) shares turned negative on Wednesdays trading session with the shares closing down -0.12 points or -4.04% at a volume of 1,81,80,569.
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There are 2 sell ratings, 5 hold ratings, 5 buy ratings on the stock. The stock, after opening at $2.92, closed at $2.83 by scoring -0.70%. The float short ratio was 2.37%, as compared to sentiment indicator; Short Ratio was 1.80.
The share price of Yamana Gold Inc. In the last 27 earnings reports, the company has topped earnings-per-share estimates 25% percent of times.
AUY has been the subject of several other reports. (NYSE:FL) inclined 0.31% to $71.250. The difference between Actual EPS and Estimated EPS was -0.01 Percent. Hence, the surprise factor was -50 percent.
12/19/2016 - Yamana Gold Inc. was downgraded to "market perform" by analysts at BMO Capital Markets. The stock touched its high share price of $5.99 on Jul 13, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Dec 20, 2016 as $2.46. It has price to book ratio of 1.09, which gauges the market price of a share over its book value. The firm has a 50-day moving average price of $4.30 and a 200 day moving average price of $4.88. Yamana Gold, Inc. got Downgrade on 22-Feb-17 where investment firm BofA/Merrill Downgrade the stock from Neutral to Underperform.
While looking at the Stock's Performance, Yamana Gold, Inc. now shows a Weekly Performance of -16.91%, where Monthly Performance is -13.64%, Quarterly performance is -6.07%, 6 Months performance is -44.92% and yearly performance percentage is 5%.
This year, the company showed a solid 40 percent of growth. The Relative Volume value measured for Yamana Gold, Inc. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,721,612 shares of the company's stock worth $21,027,000 after buying an additional 3,185,100 shares during the period.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 1.30 as compared to its debt to equity ratio stands at 0.39.