Equities research analysts at Credit Suisse (NYSE: CS) upgraded shares of Yamana Gold (NYSE: AUY) from a neutral rating to an outperform rating in a research note to clients and investors on Friday. The analysts currently have a $15.00 price target on the stock.
Separately, analysts at Zacks Investment Research reiterated a neutral rating on shares of Yamana Gold in a research note to investors on Wednesday, December 29th.
Yamana Gold Inc. (Yamana) is a Canada-based gold producer engaged in gold mining and related activities, including exploration, extraction, processing and reclamation. The Company has significant properties involved in gold production, and other precious metal production, development, exploration and land positions throughout the Americas including Brazil, Argentina, Chile and Mexico. In July 2009, Calibre Mining Corp. announced the purchase of an undivided 100% interest in the NEN Gold Copper Project (NEN Project) from Yamana Gold Inc. The NEN Gold Copper Property is a district scale land package of 70,976 hectares (710 square kilometers) of mining and exploration concessions.
Shares of Yamana Gold (NYSE: AUY) traded up 0.68% during mid-day trading on Friday, hitting $11.86. Yamana Gold has a 52 week low of $9.16 and a 52 week high of $13.13. The stocks 50-day moving average is $12.18 and its 200-day moving average is $10.89. On average, analysts predict that Yamana Gold will post $0.22 EPS next quarter. The company has a market cap of $8.789 billion and a price-to-earnings ratio of 26.59.
